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

ETH

ETH/USDT

$2,510.59

+1.21%

$2,510.59

+1.21%

(24s)

24h Volume

$8,005,878,280.24

24h H/L

$2,523.97 / $2,460.92

Change: $63.05 (2.56%)

Long/Short

56.1%

Long: 56.1%Short: 43.9%

Funding Rate

+0.0047%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$2,502.00

▲ 0.87%

Volume (24h): -

Resistance Levels

Resistance 3$3,005.72

Resistance 2$2,855.08

Resistance 1$2,564.88

Price$2,502.00

Support 1$2,478.04

Support 2$2,372.54

Support 3$2,190.20

Pivot (PP):$2,472.79

Trend:Uptrend

RSI (14):65.2

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.