Ethereum Price Eyes Potential Rally to $3,250 Amid Whale Accumulation
- Ethereum’s price chart suggests a potential rise to $3,250 despite recent underperformance.
- A wallet identified as 0xd81E withdrew 1,900 ETH (worth approximately $3.1 million) from Gate.io.
- This wallet has accumulated a total of 48,477 ETH (valued at $100.35 million) since February 15, incurring a $21 million unrealized loss.
- Another whale address, 0x3bd2, withdrew 2,600 ETH ($4.26 million) from Binance after a year of inactivity.
- An analyst highlighted key resistance levels at $1,750, $2,000, $2,500, and ultimately $3,250 for Ethereum’s potential recovery rally.
Despite Ethereum’s current downtrend since late 2024 and mixed market sentiments among large holders, significant whale accumulation suggests optimism for future price appreciation. The technical analysis points to a potential target of $3,500 if key resistance levels are broken.
Source (2.6)https://coingape.com/ethereum-price-eyes-rally-to-3250-as-whales-accumulate-100m-eth/?rand=24432
