Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K

ETH

ETH/USDT

$1,892.96

+0.44%

$1,892.96

+0.44%

(24s)

24h Volume

$3,378,296,874.73

24h H/L

$1,897.29 / $1,869.17

Change: $28.12 (1.50%)

Long/Short

65.9%

Long: 65.9%Short: 34.1%

Funding Rate

+0.0051%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,890.97

▲ 0.80%

Volume (24h): -

Resistance Levels

Resistance 3$2,194.88

Resistance 2$2,047.57

Resistance 1$1,910.65

Price$1,890.97

Support 1$1,882.59

Support 2$1,837.64

Support 3$1,808.67

Pivot (PP):$1,879.16

Trend:Sideways

RSI (14):52.7

Cointelegraph Staff

(04:32 PM UTC)

1 min read

Updated byEmily Watson

0 comments

Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400.

Key takeaways:

Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying.
Ether’s ascending triangle projects an ETH price rally to $3,315.