Ethereum Rebounds as NVIDIA Beats Earnings; On-Chain Signals $2,800 Support and Whale Accumulation
ETH/USDT
$25,949,842,738.11
$2,461.81 / $2,222.00
Change: $239.81 (10.79%)
-0.0050%
Shorts pay
According to CryptoQuant analyst MAC.D, caution ahead of NVIDIA‘s results triggered a risk-off move in the US equity complex, with the crypto market retreating as Ethereum briefly tested the $2,870 level.
Once NVIDIA beat expectations, market momentum reversed sharply, lifting both stocks and digital assets. On-chain signals show the $2,800 zone aligning with realized price clusters for both retail investors and whales, suggesting a credible support base beneath demand.
Retail sellers remain active while addresses holding 10,000+ ETH press the supply toward long-term holders. A decline in long liquidations coupled with rising short positions leaves room for a potential short squeeze if buying pressure returns.