Ethereum Sees Slight Drop But Whales Show No Signs Of Selling – Details

ETHEREUM (ETH) decreased by 13.6 % during the past week, due significantly to the high geopolitical tensions in the Middle East, especially between Israel and Iran. Despite this recent decline in prices, Ethereum whales appear unwanted, indicating confidence in the long -term recovery of digital assets.

Ethereum whales do not budge despite the last loss

According to Prices withdrawal In the encrypted currency. It is worth noting that digital assets fell from $ 2,869 on June 11 to the mid -$ 2200 at the time of this report.

Unlike the double style that was observed in 2021-when Ethereum witnessed a noticeable increase in transactions flows with whales exiting near the top-the current data indicates that whales do not make similar movements.

The next comparative planned analyst, which shows that in previous market courses, the nails were in the eTH withdrawals from the governor, followed by the main price withdrawal. However, such nails are currently absent, indicating a decrease in exit activity.

In a modern post on X, TED Bidows Add More support for this opinion, saying that Ethereum whales already buys DIP. According to the analyst, Wallets with 10,000 ETH or collectively were added more than 265 million dollars from ETH during the market decline on June 21.

However, the pillows warned that if ETH fails to separate from the level of resistance of $ 2350 soon, it may review the support of $ 2100. Failure to keep this original level can be offered to another decline of about 1800 dollars.

On the other hand, the Merlijn encryption dealer provided that the trader provided more optimistic. The analyst compared the current price of Ethereum to the accumulation that was seen between 2019 and 2021, saying that “ETH to five numbers is not a dream”, which means that long -term ups are still sound.

The opposite winds are fermented for eth?

Despite the technical indicators a point Towards more bullish trend of the second largest encrypted currency according to the maximum market, some market experts believe that ETH may be about to enter in a period of the declining direction before resuming its upscale track.

For example, Aksel Kibar’s experienced encryption expert recently Note This ETH may be preparing for a period of important declining direction. The analyst gave a flagrant warning to ethics, which may have decreased to $ 900.

Likewise, the increase in the sales volume of wealth Threaten For more disabled the positive price momentum of digital assets. At the time of the press, ETH is trading at $ 2,233, an increase of 2.4 % in the past 24 hours.

Distinctive image from Unsplash.com, charts from Cryptoquant, X, and TradingView.com

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