Ethereum Price Analysis: Key Short-Term Targets and Whale Activity
Ethereum (ETH) has experienced a positive trend, with whales accumulating the asset and a recent surge in trading volumes. A consistent price close above $1,687 is crucial to overcome recent corrections. Key technical indicators suggest potential bullish movements for Ether.
Recent on-chain data indicates that large investors, known as whales, are accumulating Ether (ETH) significantly. For Ethereum to negate its recent multi-week correction, it must consistently close above $1,687 in the coming days. Additionally, the altcoin has been losing market share to Solana, a trend that could likely continue in the next few months.
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