Whales are accumulating!!! Ethereum is moving towards new highs, with unstoppable strong momentum
Ethereum has recently demonstrated a strong bullish momentum, and with the resurgence of whale activity, market confidence has significantly strengthened. Data shows that the number of wallets holding large amounts of Ethereum has increased again, and the return of large investors provides potential support for the price. Meanwhile, the Relative Strength Index (RSI) remains in the neutral to bullish range, indicating that there is still room for growth before reaching the overbought zone.
The technical aspect also sends positive signals. Ethereum recently formed a 'golden cross', where the short-term moving average crosses above the long-term moving average. This classic bullish pattern further strengthens market expectations. Although the price has slightly pulled back, this may be a natural consolidation after profit-taking, accumulating momentum for subsequent breakthroughs.
Currently, Ethereum is approaching a key resistance level. If it can successfully break through, it may trigger a new round of capital inflow, pushing the price up. However, maintaining key support levels is also important to avoid downward pressure from a reversal in market sentiment. Overall, the accumulation by whales, stable RSI, and the resonance of technical patterns create a favorable environment for Ethereum to continue rising.
Be bullish but not blind; support and resistance levels still need attention! Follow the expert for more market dynamics and technical insights to help you stay at the forefront of the market!
