Ether Leeum prices have not repeatedly infringe the resistance area over the last few weeks after a strong start over the last few weeks. The second largest Cryptocurrency is to regain greedy $ 3,000 for the next few months by replicating this great form in early June.
After losing a $ 3,000 level in early February, ETH’s price has been difficult to build a continuous optimistic momentum that reaches more than $ 2,700 over the last few weeks. However, according to recent market data, Etherrium prices can be prepared for the expansion rally for the next few months.
What do ether whales know?
Darkfost, a cryptocurrency analyst who was clearly a prospective in the post of social media platform X, provided an on -the -chain prospect for Etherrium price momentum and investor sentiment. According to market analysts, in the past, the signal of all chain before the price of ETH in the past has disappeared.
The relevant indicators here are the average orders of Leeum, which is the average order size for Binance, and the total trading volume is divided into the world’s largest cryptocurrency exchange (trading volume). This metric is provided Insights in merchants with correlation, whether the most dominant institutional investor or retail trader in certain exchanges.
Based on this on -chain indicator, Ethereum large investors have returned from the market once again, as we can see from the whale order for Binance since May 19. The DarkFost says, “We offer an immediate snapshot for Ether Leeum’s feelings and momentum, while combining the future and future of the spot and the future and the future.”
Source: @Darkfost_Coc on XAdded by a warm chain analyst.
In short, it is an all -in -one signal, and today it is flashing rare and powerful things. The last light of this indicator was on the verge of changing ETH from $ 2,200 to $ 4,000 in December 2023.
Darkfost also mentioned that whales are not always trying to find a low entry point, but to deploy themselves early when a wider tendency begins to show signs of power. If the average orders for Binos are mainly placed by whales, Etherrium prices can take another 80%measure over the next few weeks.
Therefore, DarkFost believes that the moon in May can be a huge entry window.
At a glance, Etherrium price
At the time of this article, Ether Leeum’s price was about $ 2,537, an increase of 0.5% over the last 24 hours.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock’s main image, TradingView chart
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