Ethereum (ETH/USD) Price had a crucial support range between $ 1,755 and $ 1,800 while the United States hammered the world markets with trade wars on Thursday. The large cap-altcoin, with a completely diluted appreciation of around $ 217 billion and a 24-hour average trading volume of around $ 15.7 billion, recovered on Friday above $ 1,800, during the early Western financial markets, after being on Thursday on Thursday
Ethereumwalfissen on a buying spree
In the midst of the increased fear of further crypto capitulation, after a significant peak in the opportunities for a global recession in the coming quarters, data on chains showed that whale investors have been on a buying spree for Ether. Moreover, Ethereum has seriously understood the Bitcoin, despite the approval of spot -ether ETFs in the United States and Hong Kong.
For example a whale bought 6,488 Ether on Thursday after the ETH price had fallen to $ 1,772. Data on chain of cryptoquant, whale investors, with a calculation balance between 10k and 100k Ether, have gradually collected more coins to currently have more than 17 million coins. In the last 24 hours, the largest whales of Ethereum bought more than 130k ETH.
What for ether now
From the point of view of technical analysis, the price of Ether, against the US dollar, was imprisoned in a correction mode in the last quarter. Ethereum -Price, however, has re -tested a crucial rising logarithmic support trend, in the weekly period of time, which will soon suggest a potential reversal. In the case of Bullish Sentiment Vooruit, the prize of Ether is well positioned to recover $ 2,400 as a support level, which coincides with the weekly 200 progressive average (MA).
However, a consistent closure of less than $ 1,800 in the coming weeks will result in a rejuvenated capitulation, possibly to $ 1500.
Credit : coinpedia.org
