Ethereum’s price is currently consolidating between 2,681 USD and 2,476 USD, signaling market indecision. However, a significant increase in new wallets, now at 1 million weekly, reflects strong investor confidence in the cryptocurrency.
Whale addresses holding between 1,000 to 10,000 ETH have accumulated 14.3 million ETH, showcasing a positive long-term outlook. For a successful price movement, ETH must break resistance at 2,681 USD to potentially reach new highs.
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