Ethereum whales are increasing their holdings, accumulating 365 million USD in ETH. Recent over-the-counter trades indicate strategic positioning, reflecting institutional confidence amidst market volatility.
Exchange reserves for Ethereum have decreased by 0.34%, signifying a trend of long-term holding as more investors withdraw ETH for storage, influencing market dynamics.
Technical analysis indicates a bullish cup-and-handle pattern. If Ethereum breaks the 2,830 USD level, it may rally towards 3,400 USD, attracting renewed interest from investors.
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