👉🏼 Possible scenario:
Ethereum dropped 3.3% to $1,754, echoing a broader 3.6% market correction. But under the surface, long-term holders are accumulating, with over 640,000 ETH flowing into wallets that haven’t sold since 2018—a multi-year high.
On-chain metrics show growing conviction: active addresses surged 10% in just two days, signaling rising network engagement. Despite short-term volatility, investor positioning suggests quiet confidence in Ethereum’s long-term fundamentals.
✅Support and Resistance Levels
Support level is now located at 1,550.00.
Now, the resistance level is located at 1,830.00.
Ethereum dropped 3.3% to $1,754, echoing a broader 3.6% market correction. But under the surface, long-term holders are accumulating, with over 640,000 ETH flowing into wallets that haven’t sold since 2018—a multi-year high.
On-chain metrics show growing conviction: active addresses surged 10% in just two days, signaling rising network engagement. Despite short-term volatility, investor positioning suggests quiet confidence in Ethereum’s long-term fundamentals.
✅Support and Resistance Levels
Support level is now located at 1,550.00.
Now, the resistance level is located at 1,830.00.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.