Ethereum witnessed some side movement this week, helping Altcoin out of a decline for about three weeks. Despite facing the Haboodi signals, including the sale of whales, the ETHEREUM price can continue.
This stability raises the outlook for the next penetration, which is likely to be the way for a height.
Ethereum whales move for sale
Whale headlines show down downward feelings at the present time, as many big bearers have begun to liquidate their positions.
In the past 48 hours, headlines with between one million and 10 million ETH are sold by more than 1.06 million ETH at a value of approximately $ 2.57 billion.
Selling whales usually exerts pressure down on the price, indicating a possible landing. However, in this case, the price of the ETHEREUM continued to maintain itself, which indicates the elasticity of the market.
Looking at the overall momentum of ETHEREUM, the IOMAP chart (inside/outside the money around the price) reveals a large demand area on the ETH. The region has 65.83 million ETH, at a value of more than $ 159 billion.
These holdings were bought between $ 2,349 and a group of $ 2,421, which places a strong support area.
The large number of investors who bought eth in this price range is unlikely to be sold at a tie or a loss, which makes it difficult for the price to be less than this main support.
This demand area works as a solid pillow for ETHEREUM price, and protecting it from any sharp drops. The support provided by these investors provides mainly to remain stable ETHEREUM, despite the last sale pressure.
As a result, the price is unlikely to decrease sharply to less than $ 2.344, indicating a more important drop.
ETH price is merged
ETHEREUM price is currently trading at $ 2,424, under the critical resistance of $ 2,476.
Although there is no significant height, the movement of the ETH side sides allowed out of the declining direction for three weeks. This stage of unification is the stage of the stage for potential upward momentum.
The factors discussed earlier indicate that Ethereum may continue to unify between $ 2,344 and $ 2,476 or may penetrate the resistance.
If Ethereum succeeds in the end of $ 2,476 to support, it is likely to reach $ 2,606. This would represent a great outbreak and can attract more buyers to the market.
On the other hand, if the wider market conditions turned to a very drop, similar to the feelings of last week, the ETHEREM price may slip to less than 2,344 dollars and decrease to $ 2,205.
The decrease below this support will nullify the current ascension thesis, which may indicate an additional decrease.
Disintegration
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2025-06-28 17:21:00
