while Ethereum Fresh buying pressure is being observed around major digital assets as prices rise back above $3,500. Both small and large investors or traders have started purchasing altcoins at a rapid pace, indicating strategic positioning by investors.
Top Investors Are Consistently Buying ETH
Following the recent rebound Ethereum priceSeveral investors are showing renewed interest in major altcoins. Report from Prime on reveal This new buying pressure is especially evident among top players in the cryptocurrency industry, also known as whale investors.
According to data from Ethereum Spot Average Order Size, Whale investors in ETH It is quietly returning to the increasingly strong cryptocurrency market. This represents a clear change in whale behavior, with large wallet addresses accumulating ETH once again after weeks of outflows and fears.
The renewed interest from deep-pocketed investors coincides with ETH’s gradual recovery from its recent decline. This indicates that whales view current levels as an attractive long-term entry point rather than a sign of weakness. While accumulation among large investors is surging, this suggests that the smart money may be preparing for ETH’s next major breakout.
It is worth noting that this buying pressure from the larger players is found around the $3,200 price level. Prime said the whales are taking advantage. Ethereum price fallsBecause they buy altcoins at low prices.
If this whale acquisition continues, it is likely that the expected rally will be triggered. In the meantime, the next possible target for ETH is in the $4,500-$4,800 range with $3,000 – $3,400. Support zone remains strong.
Companies are still betting on ETH
This strong accumulation by large players is evident in the ongoing asset purchases by institutional companies such as Bitmine Immersion. Institutional adoption and interest appears to be increasing along with temporary surges in the price of ETH.
Market analyst and investor Ash Crypto said: reported A new large-scale Ethereum acquisition linked to a leading financial asset company. Data shared by market analysts shows that the company purchased 23,521 ETH worth about $82.8 million at the start of the new week. “Tom Lee Wants All Your Ethereum” As Crypto added:
in Another X postAsh Crypto highlighted: Bitmine Immersion has acquired ETH. Last week it was worth more than $400 million. This strong and sustained buying action highlights the company’s unwavering confidence in the long-term prospects of altcoins. Bitmine’s continued accumulation stands out during this period of conflicting market sentiment, indicating that the company believes ETH’s next growth phase is not yet over.
Even amidst buying pressure latest readings The Ethereum Fear and Greed Index shows that the market is clearly falling towards fear levels. The move into fear territory is a sign of growing anxiety due to the current volatile state of the broader cryptocurrency market.
Featured image from Pxfuel, chart from Tradingview.com
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