While 2024 is one of the years in which Ethereum experiences major fluctuations, it remains a matter of curiosity as to where the price will move at this stage. Ethereum, which returned from the $ 4,000 limit in recent months, $2,349.89 Analysts are also talking about the possibility of $2,000 for . In the midst of all this, it is seen that large investors are increasing the amount of ETH they hold day by day, which may reflect an expectation of an increase.
Ethereum Whales Are On The Move
Despite the major declines in cryptocurrencies, whales are seen to continue to buy. The fact that Ethereum whales, who have made a name for themselves especially in terms of market dominance, continue to buy can be interpreted as their belief that the market will rise. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Finally, a whale recently withdrew 10,000 Ethereum from the Gemini exchange and sent it to an unknown wallet. Despite this move, the market continued to fall.
Analysts Comment on Ethereum
Leaving aside the market volatility, analysts also seemed to have mixed feelings. When looking at the comments of these analysts, some stated that a rise to $10,000 and above could occur, while others said that $2,000 was approaching.
In this regard, when we first look at Anatar’s Ethereum comment, he made a comment that the price drop is inevitable:
Fear it, run from it, destiny still comes.
He ended his comment by pointing to the $2,000 bill.
On the other hand, there are also analysts who adopt a positive price outlook. Analyst Yoddha pointed out the potential rally in his statement on X and said that he did not care how long the consolidation would last and added:
I don’t care if it consolidates for another month. I’m sure #Ethereum is getting ready for 5-figures.
When we look at the chart shared by the analyst, we see that he actually made statements covering a region extending to the $14,000 level.
While all this was happening, all eyes were on the Ethereum price. As of writing time, the price was continuing to decline. The ETH price is finding buyers in the $2,186 region after a 7.75% decline in the last 24 hours. After the decline, the market volume decreased even further and fell to $263 billion.
All these price movements reflect the view that the idea that Anatar might be right is a stronger possibility for now.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
