Time To Buy Ethereum? Here's What This Analyst Thinks
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Ethereum (ETH) is experiencing significant selling pressure from large holders, with whales offloading 130,000 ETH in the past four months. Technical analysis suggests potential price targets as low as $1,000, with key support levels at $1,887. Market analyst Ali Martinez indicates resistance between $2,250-$2,610 that could invalidate the bearish outlook if broken.
March 23, 2025 | 8:15 pm
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Large ETH holders are selling, with significant outflows from spot ETFs and whale wallets, suggesting potential further price decline.
Multiple bearish signals including whale selling, ETF outflows, and technical chart patterns suggest potential downside for Ethereum in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100