Ethereum $3,214.4 The price is more than $ 3,000 and gives more earning potential signal with the improvement of market feeling. On-Chain data shows that large investors have accumulated ETH and are sure of a possible rally. Technical indicators point to the possibility of an increase in Ethereum if the procurement pressure persists and reinforces the expectations of rise in the market.
FOMC Volatility and Ethereum Rally
In recent months, after the market volatility created by FOMC announcements, Ethereum has exhibited an important recovery pattern. Sentimement Feed’s clear Snow/Loss (NPL) indicator revealed that Ethereum has initiated a significant return in its price during these periods.
In particular, Ethereum’s response to sudden decreases was characterized by rapid recovery, and the magnitude of these recovery varied. In some cases, the price recovery rose to 34 %, while in other cases it remained at approximately 14 %.
Whale activity
According to the NPL indicator, significant accumulation events took place on January 13 and 27 January. Although the reaction of whales on January 13 was lighter, there was a significant increase in transactions exceeding $ 100,000 from January 27th.
Since January 21st, Ethereum wallets with a capacity of 1,000 to 10,000 ETH has accumulated 100,000 ETH. Larger wallets received 300,000 ETH (between 10,000 and 100,000 ETH). The largest wallets (100k to 1 million ETH) increased by 900,000 ETH.
Ethereum Price Analysis
Ethereum’s latest price movements point to a potential rise trend. If the appearance on the technical front continues, an important target, $ 4,000, is accessible. The ETH price is currently at the level of $ 3,265 and has increased by 7 %in the last 24 hours.
The key resistance levels that traders should follow for potential profit intake are $ 3.322, $ 3.592 and critical $ 4,000. On the support side, the levels of $ 3,182 and $ 3,057 should be followed in the short term. In case of a break below these supports, prices are expected to decrease by approximately 13 %to $ 2,657.
Ethereum’s current market indicators and whale activity offers a powerful potential for an upward trend. The ongoing savings of major investors can direct ETH prices towards significant resistance levels.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
