Ethereum chits pile up as market recovers A new wallet has withdrawn $2,884 $ETH ($957M) from Binance.
Ethereum is above $3.3K, ahead of a 5% daily gain. According to
#Ethereum technical analysis,
#ETH has returned to the consolidation area.
In the midst of the price recovery, a new wallet withdrew 2,884 ETH (worth about $9.57 million) from
#Binance .
the $3,300 price level has been broken again. The trend is crucial for Ethereum.
This movement coincides with a broad recovery in the cryptocurrency market, which means that the big players may be preparing for a rally.
analysts further predict that Ethereum will continue to grow, reach 3-4 months and could reach
$BTC analysts also suggest that even higher numbers could be reached. In conclusion, the analyst expresses confidence in the next growth of Ethereum.
He notes that, in addition to technical indicators, bullish for Ethereum is the market sentiment and growing excitement.
Ethereum price data is in line with the broad trend of the cryptocurrency market and calls for growth. Ethereum has risen nearly 2% for several consecutive days, bringing the asset's price to the $3,300 mark.
Ethereum trading has surged, and as recent price gains become more consistent, a new wave of individual and institutional traders are entering the market to gain a stake in the altcoin. This suggests that
the overall market is also strengthening, with BTC holding in the $99,000 range, approaching the long-awaited six-figure breakout.
other major cryptocurrencies such as XRP and Solana have risen significantly over the past 24 hours, with the latter up 16% over the past 24 hours, XRP up 16% over the past 24 hours and 46% over the past seven days.
This is very bullish as investors are starting to regain confidence in their assets, perhaps due to macroeconomic reasons and institutional savings.
Ethereum on the four-hour chart on a deeper analysis, the price has returned to the previous consolidation zone.
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