Ether Leeum is just before he sets up fresh peaks for many years for $ 4,792. The bull maintains a tight control and induces the amount of exercise as the bitcoin is suspended in the integrated range. This horses in BTC's Advance have created a wide range of strong stages throughout the market, creating a space where Altcoin brillves.
Institutional demand continues to play a pivotal role in Ether Leeum's rally. Onchain data shows steady accumulation of large investors, and the wallet is connected to a wallet that is consistently added to the shares with major institutions and funds. This purchase pressure is reducing the amount of coins that can be sold by sharply reducing the ETH balance on the prescription entrance (OTC) desk that can be exchanged and purchased.
Due to the combination of supply contraction, strong investor trust and favorable macro background, Ether Leeum was in the main position to challenge the previous high. Market participants are closely watching the $ 4,800-$ 4,900 range as a critical resistance zone. Masks exceeding this level can set up a new price discovery stage and accelerate the optimistic propulsion of Altcoin Market.
Ether Leeum Whale activity shows confidence before potential altseason.
According to Arkham Intelligence, a Blockchain Intelligence company, Ethereum has witnessed one of the largest single whale trading this year. The newly created wallet withdrew 60,000 ETH to about $ 227.66 million last night. The overall amount is now skater and informs a strong long -term promise to hold and secure a network.
Further analysis shows that whales have already moved 3,200 ETHs ($ 147.5 million) into four separate wallets. In particular, one of these wallets was to deposit the market share directly to the coinbase staying, which confirmed that this is not a short -term transaction of speculative, but an intentional accumulation and yield generation strategy. The wallet address is 0x697D8EFB007EC5CCAC0C0CCAC0C67290D545545B916348480B is now on the radar of market watchers.
Analysts suggest that these large -scale staying activities are an optimistic sign of Ether Lee's price trajectory. Locking a significant amount of ETH can effectively eliminate significant liquidity in the market to strengthen its supply for a strong institutional demand.
Some market experts believe that Ether Lee can be a major catalyst for ALTSEASON in the next few weeks. As Bitcoin integrates the record high, the capital rotation to the high -quality Altcoin led by ETH can ignite the fresh market passion to push this sector into a more aggressive stage.
Price behavior details: Weekly chart analysis
Ether Lee (ETH) continued to have impressive rally, gained strong profits, closed a week, and pushed it to the highest level of nearly $ 4,792. The weekly chart has a steep rise in the last month, and ETH has been hesitantly penetrated through the major resistance levels of $ 3,200 and $ 4,000.
The 50 -week mobile average (blue) shows a strong optimistic momentum by decisively crossing 100 weeks MA (green). Price measures are about $ 2,443 more than 200 weeks MA, emphasizing the current rising trend. Even in this rally, volume indicates that purchasing pressure is supported by solid market participation rather than thin liquidity.
However, rapid vertical movement suggests excessively expanded short -term conditions, increasing the risk of fullback or integration before the next legs increase. As long as the ETH goes beyond the $ 4,200-$ 4,300 support area, the optimistic structure remains the same, and traders are watching potential brakes with unknown territory.
DALL-E's main image, TradingView chart
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