1.2 billion dollars can lead the ETH accumulation

Ethereum made a slow but fixed attempt to recover from the 33 % price losses that were observed at the end of February. The recent recovery is largely driven by the investor’s confidence, as many ETH accumulates at the current low levels.

These investors eventually expect prices to increase, hoping to take advantage of the potential growth of Ethereum.

Ethereum finds the investor’s support

ETHEREM supplies on the stock exchanges have decreased by 635,000 ETH in the past six days, which represents a value of more than $ 1.28 billion. This decrease in the offer reflects a strong accumulation stage by investors who buy ETH at the low price levels currently being traded. These buyers are betting on increasing future prices, which contributes to the increasing optimism surrounding excitement.

The truth Ethereum exchanging the offer It is absorbed so quickly that investors believing in the recovery of prices. Since holders of this accumulated ETH are looking for Hodl, the decrease in the available supply may lead to ascending pressure on the price.

The total momentum of Ethereum It is also supported by the vitality index, which tracks the activity of the long -term (LTHS). The possession index recently reached the lowest monthly level, indicating that LTHS accumulates and adheres to their wealth. This shift towards hunting by the main ETHEREUM holders indicates confidence in the future performance of Altcoin.

The increasing support from LTHS and their accumulation efforts indicate the belief in the length of Ethereum in the long run. As these holders continue to imprison ETH, it reduces the circulating supply, which can contribute to prices.

Is the price of the eth on the right track out?

Currently trading at $ 2025, Ethereum price has been reclaimed The level of 2000 dollars as support on the daily chart. However, it has not yet violated the $ 2,141 resistance, a key to consolidating the recovery attempt. The successful penetration of this barrier will confirm the bullish ethereum momentum and put the way to make more gains in the coming days.

If Ethereum succeeds in getting $ 2,141 in support, it may be on the right track to restore a 33 % decrease in late February. A sustainable rest over this resistance may pay the ETH about $ 2,344, which helps to restore the lost land and continue the bullish direction. This would refer to renewed confidence in the expectations of the ethereum market.

However, if the difficult momentum fails to achieve and Struggle ETAREUM To violate the $ 2,141 barrier, Altcoin may face withdrawal. Failure to overcome this resistance is likely to decrease to less than $ 2000, which is likely to test the support level of $ 1862.