Whales use decline to strengthen their positions
While the Ethereum seems to be a speed loss, the whales take advantage of the opportunity to buy. World Liberty Financial, which accumulated the tokens of the game of vitalics for one month, added to the wallet in just two days this week $ 10 million in ETH to its wallet while the asset fell on the market.
💥breaking:
Trump just turse $ 10 million #Bitcoin And $ 10 million $ ETH.
Just a day before the cryptom of the White House.
He knows something big … pic.twitter.com/9tx4vujuj
– Crypto Rover (@rovercrc) March 6, 2025
Glassnode data confirms this trend: there is a strong accumulation between $ 2,200 and $ 2,500, with a significant concentration of 800,000 ETH at $ 2,800. This level represents a key barrier for crossing to start a real bull conversion.
March 1st ~ 500k $ ETH He was accumulated at ~ 2.2 000 $, but quickly redistributed to the local peak of $ 2.5,000. Meanwhile, the first main resistance occurs at $ 2.8,000 where ~ 800k #Eth He has been collected, indicating that the key level will monitor any recovery. pic.twitter.com/wzm3mtdojm
– Glassnode (@glassnode) March 5, 2025
Rolled the rotation of capital always shows the active market. After the 500,000 ETH accumulated around $ 2,200, the game has already been sold to an increase of around $ 2,500, which illustrates dynamic management management investors.
Finally, the Pectra upgrade, scheduled soon, should strengthen the solidity of the Ethereum network. However, Intotheblock warns us against excessively updating expectations associated with this update and claims that technical improvements do not always cause immediate increase, but that in the long term they mainly strengthen the confidence of institutional investors.
The upcoming upgrade of Pectra could be a positive catalyst for $ ETH Long -term.
However, historical data suggest that network upgrades themselves usually do not dictate wider market trends, as shown by the previous two upgrades marked with red below pic.twitter.com/eztdwgwrd
– Inotheblock (@intotheblock) March 6, 2025
Technical Analysis: Structure of Ascending So far intact for ETH
From a technical point of view, ETH remains in the distribution phase, according to Xforce Global. Elliott Waves analysis shows that Ether could still focus on $ 10,000, but only if certain conditions are met.
The Hussier The Screenplay is based on the idea that the current correction is a “wave of connection”, allowing new heights to be revived. If this movement is verified, ETH could restore the trajectory ascending with medium targets to $ 3,500 than $ 5,000 than to consider a more ambitious scenario.
As long as the support is $ 200,000 – $ 2,200, the scenario remains valid and a bounce can be set up. To activate a real ascending trend, ETH must exceed $ 2,800 – $ 3,500, where many profits have already occurred. Contemporary consolidation could be a simple phase of charging before a more honest recovery.
Crypto Caesar insists on the importance of a long -term trend line, which is tested several times since 2022. Every time this medium is held, ETH bounced off with an increase in approximately 70 %, which would apply to the current levels of around $ 3,500 – $ 4,200.
$ ETH – #Ethereum Touch the main level of support. We’ll see if we can bounce. pic.twitter.com/i2yww3h7wt
– Crypto Caesar (@CryptoCeSarta) March 5, 2025
However, a $ 2,000 break would have questioned this scenario and could lead to a $ 1,750 – $ 1,800, with a market that would remain in the extended distribution phase.
Morality History: When the whales buy, panic panic … but in the end it always ends in the pan.
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