Ethereum after withdrawing in the crypto currency market $2,626.9 It is seen in on-ach data, where investors purchase at the bottom prices. According to analysts, a purchase of 600,000 ETH has been realized in the last seven days. This movement of investors creates hope for the future value of being.
Ethereum whales
According to the data of crypto market analyst Ali Martinez, Ethereum whales made intensive purchases during the period when the price fell from $ 2,800 to $ 2,600. This movement says that investors’ expectations in the direction of rise again are increasing.
It has increased due to general market fluctuation, macroeconomic developments and statements of the US Federal Reserve. Although this has brought about sales pressure on risky assets, the purchase density brought the possibility of the market to experience a short -term fluctuation.
Expert opinions and future predictions
Market experts, Ethereum’un evaluation of the current situation drew attention to technical indicators. In particular, the ‘Golden Cross’ formation observed in the weekly graphic, it was claimed that the price increase in the future.
Merlijn The Trader: “Golden Cross is observed in the weekly graph; This formation supports the expectation of rise. ”
In addition, an analyst named Ash Crypto, Ethereum’s current cycle, Bitcoin 
$96,171.6He pointed out that he resembled the previous cycle. In this similarity, investors shared the prediction that the existence can reach new peaks.
Ash Crypto: “Ethereum is parallel to the last period of Bitcoin in the current cycle.”
The latest data reveals that the price of ETH has dropped more than 4 %per day, and the lowest 24 -hour low and the highest value is around 2,565,40 and $ 2,724,90, respectively. Despite these fluctuations, the purchase move can support the potential to rise to the old levels of asset.
Investors are expected to take careful steps considering the current economic environment and market volatility. The purchase wave can contribute to the evaluation of risks and opportunities of market players. In this context, technical indicators and expert opinions offer clues for the possible recovery process.
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 perform their operations in line with their own research.
