After the summer liquidity slump and the decline in activity in the Ethereum market, whales have started to return and their interest in the asset is growing again. According to the latest data, technical indicators point to a possible price reversal soon. A number of analysts believe that Ethereum is preparing for a breakout, and the price may return to above $3,000 in the coming months.
What's Driving the Growing Interest in Ethereum?
1. DeFi Interest Rising: Decentralized finance (DeFi) protocols continue to be a key driver of the Ethereum ecosystem. With more activity in the DeFi segment, there is more room for price increases $ETH .
2. Recovering from the Summer Slump: Summer brought lower liquidity and weak dynamics for Ethereum, but as autumn approaches, things are starting to improve. Whales and long-term asset holders are actively buying $ETH again, which creates additional preconditions for future growth.
3. Technical signals for price reversal: The charts show that Ethereum is at a key point where a major breakout could occur. Technical patterns indicate the possibility of a resumption of the bullish trend.
What's next?
Many believe that Ethereum is ready to return to higher levels, and the recovery of activity among whales only confirms this opinion. Current levels may become an interesting opportunity for those considering the asset for long-term investment.
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