Whales Accumulate 190,000 Ethereum in 24 Hours Amid Market Fear
The crypto market is experiencing significant fear, with analysts predicting a potential prolonged bear market. Ethereum has dropped over 27% in under five days, raising investor caution as it struggles to maintain key support levels.
Key points:
- Whales have accumulated substantial amounts of ETH recently, indicating institutional interest.
- Historically, such accumulation precedes market recoveries.
- Ethereum must reclaim levels above $2,500 for a bullish recovery.
- Current trading price is $2,220, below critical support zones and moving averages.
- Failure to hold above $2,300 could lead to further declines toward $2,000.
Whale activity suggests confidence among large investors. The coming days will be vital in determining whether Ethereum can stabilize or if bearish trends will persist.
