Ether risk a decrease of less than 1900 dollars, which may open a large amount of demand for investors, which may stimulate the recovery of Al -Atheer from its downside for a period of three months.
Ether (EthThe price fell more than 52 % during the declining direction for three months, after it reached a peak over 4100 dollars on December 16, 2024, Tradingvief Data appears.
While another correction is less than 1900 dollars on the horizon, this pressure may be greatly released, according to Inteothheblock.
ETH/USD, one day graph. Source: Cointelegraph/Tradingvief
“Onchain’s standards reveal a strong demand area than ETH is just less than $ 1900,” an analyst told Cointelegraph.
Historically, about 4.3 million ETH was bought in a range of 1,848 – 1,905 dollars, indicating great support. If ETH decreases below this level, the risk of surrender rises, as the demand behind this region appears to be much thinner. “
Inside/outside the money around the price. Source: IntTHEBLOCK
In financial markets, surrender indicates investors who sell their positions in a state of panic, which leads to a significant decrease in prices and indicates the imminent market bottom before the next upward trend begins.
Related to: Bitcoin takes a week to close a weekly over 81 thousand dollars to avoid the negative side before FOMC
It is unlikely to see more from the negative side less than $ 1.9,000 amid growing whale accumulation: analyst
While the ether may witness a temporary correction less than 1900 dollars, it is unlikely to decrease due to the growing accumulation of the whale, according to Nikolai Sondargard, a research analyst in Nansen.
“It seems likely that if ETH is unable to keep the level of $ 1900, we will see a negative aspect,” an analyst told Cointelegraph.
“The whales are supposed to accumulate, and WLFI also has large quantities of ETH, regardless of the price procedures were not favorable.”
The analyst added: “This behavior was also seen in the data of modern options where the largest players/institutions were putting themselves in any of the two directions, which shows the uncertainty in the market to where the eth is going on.”
Related to: FTX 1.5 billion dollars was ranked in 3AC Assets two weeks before the hedge truck collapsed
Pisces on Ethereum began to run recovery since the beginning of 2025.
Ethereum: the number of whale addresses [Balance >1k ETH]. source: Glassnode
Pisces address with at least 1000 ETH or $ 1.92 million, more than 4 % increased year, from 4652 titles on January 1 to more than 4,843 titles on March 14, Glassnode Data appears.
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