Ethereum is currently trading in a descending channel, showing resilience between 2,320 USD and 2,330 USD. After a recent dip below 2,261 USD, whales seized the opportunity to accumulate 33,000 ETH in one day, highlighting robust demand despite market challenges.
Top traders on Binance maintain a bullish outlook, with a long-to-short ratio of approximately 3.44. This reflects their confidence in Ethereum, suggesting an expectation of price stabilization rather than further declines as they remain positioned for potential recovery.
Leave a Reply