After a period of consolidation, Ethereum (ETH) has managed to recover the macro range of $ 2,200, indicating a possible bullish impulse. This movement occurs as the accumulation of whales continues to grow, which increases the positive feeling surrounding the second largest cryptocurrency due to market capitalization.
ETH’s capacity to break above the level of $ 2,200 is considered a significant achievement, which shows the strength of the buyer’s interest in the asset. This development has also caused a greater commercial volume, indicating a renewed level of activity in the Ethereum market.
The accumulation of whales refers to the fact that ETH holders increase their positions, often seen as an upward sign by market participants. The growing interest of these influential investors can help support the price of Ethereum, which can lead to a more upward movement.
As ETH continues to show strength and collect the support of whales, merchants and investors closely monitor the key levels and market dynamics. The cryptocurrency market is still very volatile, with price fluctuations that affect feeling and trade strategies.
In general, the recent recovery of the range of $ 2,200 by Ethereum, together with the accumulation of whales, is considered a positive development for cryptocurrency. This could pave the way for greater appreciation of prices and market growth in the near future.
