Ethereum Price Eyes Rebound as Whales Accumulate 110,000 ETH
- Large investors have accumulated 110,000 ETH in the past 72 hours.
- ETH price has declined by 17% over the past week, currently around $2,378.
- A recent $1.5 billion hack on the Bybit exchange has increased market volatility.
- The U.S. Federal Reserve’s monetary policy is affecting liquidity and risk assets.
- Analysts suggest Ethereum could test support levels between $2,000 and $2,100 if bearish momentum continues.
Despite recent declines and market volatility due to a significant hack and macroeconomic factors, large-scale accumulation of Ethereum by investors suggests potential for a price rebound towards $3,000 if current trends persist.
Source (2.6)https://coingape.com/ethereum-price-eyes-rebound-to-3000-as-whales-buy-110k-eth/?rand=24432
