The price of Ethereum fell sharply on Monday and traded low until $ 1.417, and Donald Trump’s policies continued to ring the global financial markets.
However, as ETH approaches basic support levels, it shows a potential subsidiary and close signs of ascension.
Moreover, whales buy immersion, Ethereum price increases by 11% to $ 1580.
Whales Buy Ethereum Dip
The chain data of Lookonchain and Arkham Intelligence shows that whales are in a discounted collecting Ethereum, they use the black Monday crypto accident.
The two large wallets purchased ETH, worth approximately $ 24 million in bulk during the last dipping. Especially, A whale While over 53 million dollars in Ethereum since February 11, other In the same period, he added an ETH of approximately $ 38 million and showed a strong conviction among investors with pockets.
Thanks to the whale purchase activity, Ethereum increased over $ 1,500 – the press is traded at $ 1.580 time.
For Dip ETH?
The price of Ethereum is currently the combination of several lock support levels, which suggests that a bottom may be close.
For example, an explicitly defined pair of tops around the Ethereum $ 4.080 level-an extremely hostility pattern that triggers a four-month decline trend.
However, the price has now completely withdrawn the previous upward movement and has visited the key support zone again close to $ 1,530. When the double collection is potentially completed, Ethereum may be ready to start the next rise leg.
In addition, the weekly relative force index (RSI-14) is currently 31 years old and is extremely close to the 29.91 sign, which triggered historically rising in Ethereum.
Leading analyst Benjamin Cowen Now, as stated in the middle line of ETH’s long -term logarithmic band, it has reached the fair value price.
As a result, an increase in whale purchasing activity at existing prices is not surprising.
Ethereum Price Estimation – How high can be in 2025?
Ethereum Bull Run has not yet started. In the previous cycles, ETH Rally, the federal reserve took speed after ending the quantitative tightening of the central bank yet.
Rising global liquidity – as specified by the rapidly growing global M2 money supply – shows that crypto prices will be paraboolic again in 2025.
The popular analyst Benjamin Cowen mentioned above used the butterfly harmonic model to estimate that the price of Ethereum could reach the summit of $ 5,600 – $ 7,000 after arriving at Fed Pivots Dovish.
This makes ETH one of the best cryptos to buy now.
In addition to Ethereum, the best cryptos to buy now
SIDELED investors should follow their tactics to use beta bets to capture large returns.
For example, Pepe serves as a high beta proxy for Ethereum-ENH tends to follow the price direction, but with strengthened volatility and larger percentages.
In the meantime, Pepe’s bull movements are accompanied by strong rallies on smaller frog breast coins. Whales buy jewels with low lids like also like Pepe Mind (Mind)After a short time, he collected approximately 8 million dollars before the sale.
The mind fills a large gap in the Ethereum ecosystem. Ethereum is one of the few leading AI agents built on Blockchain. While the left owners provide great benefit during the last AI breast mine rally, ETH Maxis is largely protected.
Moreover, his latest design means that mind owners can get a competitive advantage in the approaching bull market. MOP uses advanced AI algorithms to offer alpha market tips to all coin holders and uses discounted access to the MEM money it creates.
Thanks to the unique value proposal, several leading investors are called the next 100x crypto.
