Traders and whales are increasing activity as Ethereum’s supply on exchanges drops. Open interest stands at 19.9 billion USD, reflecting accumulation. This stability hints at potential growth towards $6,500 in the upcoming months.
Despite encountering resistance at around $3,900, the broader trend remains one of accumulation. As the supply tightens and whale participation rises, analysts predict a possible surge towards the $6,200 to $6,500 range.
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