ETH may reclaim $2.2K "macro range" amid growing whale accumulation
Portfolio Pulse from
Ether (ETH) is experiencing a prolonged downtrend, with prices down over 51% from December's peak. Despite market pressures, whale investors are accumulating ETH, with addresses holding over $100,000 in ETH increasing from 70,000 to 75,000 in March. Analysts suggest ETH needs to reclaim the $2,200-$3,900 range to generate upward momentum.
March 23, 2025 | 1:45 pm
News sentiment analysis
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POSITIVE IMPACT
Open interest at all-time high suggests potential for price recovery. Whale accumulation indicates underlying market confidence.
Whale accumulation, rising open interest, and potential macro range reclamation suggest bullish short-term sentiment for Ethereum.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100