Ethereum price loses approximately $ 3000 with investors restoring

ETHEREUM (ETH) has been in a steady downward direction since the beginning of the month, as it remains less than the direction line for three weeks. This decline kept under pressure, and testing the patience of the investors.

However, Ethereum whales intervene to prevent a huge plane crash, providing a glimmer of hope.

Ethereum whales save today

ETHEREUM whale deals between 100,000 and 1 million ETH has gained the activity of ETH that was sold by the largest portfolio holders. During the weekend, this group bought 1.1 million ETH, at a value of $ 3.5 billion, in one day. Their purchase is seen as an attempt to stabilize the encrypted currency.

This medium -level whale step addresses the pressure of greater holders, indicating strong confidence in The possible recovery of Ethereum. Although this procedure has reduced immediate risks, the market remains cautious as traders evaluate whether ETH can free from the current declining direction.

The total momentum of Ethereum Mixed signals appear. The recently active wallet headlines rose to 784,000, which reflects an increased activity. However, this number decreased sharply to 547,000 shortly after, indicating the high uncertainty among investors amid continuous fears of the market collapse.

This decrease in active participation may slow the Ethereum recovery as the market morale is still shaken. Investors are likely to wait for more stability and bullish signals before the market re -inserted, prolonging the ETH struggle to restore the upward momentum.

ETH price prediction: finding a road through the declining direction

Time to write this report, Ethereum was trading At 3200 dollars, it remains less than the declining direction line for three consecutive weeks. Despite the declining pressure, the ETH exceeds the level of decisive support of $ 3,131, which is still the main axis of traders.

If the declining direction persists and ETH is lost the support of $ 3,131, the price may decrease further to test 3,028 dollars. Such a decrease would weaken the prospects of recovery, leaving Ethereum in a weak position with continued uncertainty in the market.

However, the penetration of the downtown line and the recovery of $ 3,303 as support can nullify the downward view. This step requires strong support from the broader market signals and renewed purchase pressure.

If you realize, Ethereum can gather About $ 3500, and the provision of relief that affects the need for investors.