Ethereum (ETH), the second largest cryptocurrency in the world in market capitalization seems to struggle after yesterday’s increase in 8.80%. Today, January 17, 2025, ETH looked by almost 5% of yesterday’s profit, decreasing from $ 3,450 to the level of $ 3260.
The current price is ETH
At present, ETH is trading about $ 3331 and has survived a decrease in prices by 3.15%over the past 24 hours. During the same period, trade activity increased moderately, which led to an increase in trade by 5.5%.
Crypto Whale buys ETH in the amount of $ 9.5 million. USA
In current market conditions, some whales seem to accumulate ETH and use the advantages of a recent fall in prices. Recently, on the basis of the blockchain, the transaction tracker Loutonchain published in X (previously Twitter) that the recently created crypto-wallet shot significant 2884 ETH in the amount of $ 97 million. USA from Binance, the largest exchange of cryptocurrencies.
Another recently created wallet shot $ 2,884 ($ 9.57 million) from #binance 30 minutes ago .https: //t.co/zqizpio1Schttps: //t.co/hkubcemhy6 pic.twitter/2makgggggx
– lookonchain (@lookonchain) January 16, 2025
This marks the second accumulation of fresh whale, earlier, on January 16, 2024, the new crypto -whisper removed 1799 ETH in the amount of $ 5.92 million with Binance.
51 million dollars from the outflow of ETH from exchanges
In addition, long-term owners, apparently, constantly accumulate altcoin, as the analytical company reports on the Coinglass network. Data from a point influx/outflow show that exchanges have become witnesses of outflow in ETH in the amount of significant $ 51.15 million. USA.
In the landscape of cryptocurrencies, the outflow refers to the movement of assets from exchanges to wallets, which indicates the potential accumulation and creation of the purchase pressure, which can lead to further impulse up.
The growing accumulation of whales and long -term owners implies a growing confidence in the price potential of ETH.
Ethereum price (ETH) and key levels
According to expert technical analysis, ETH would seem optimistic and currently re -testing the level of support. In addition, he formed a bull falling wedge for daily terms.
Based on the recent price action, if ETH violates this model and closes the daily candle above 3,500 dollars, there is a strong probability that it can take off by 15%to reach a level of $ 4,000 in the future.
On the positive side, the ETH (RSI) relative force index is below the bite zone, which indicates the high potential for growth.
