CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-01-30 07:39:07

What’s the Latest on Ethereum? Are the Bulls in? Analyst Explains the Latest Situation

Cryptocurrency analyst IT Tech has provided insight into the current market conditions of Ethereum, explaining the key trends in whale activity and price movements. According to IT Tech, Ethereum’s large trading volume (LTV) remains lower compared to previous bull cycles in 2017 and 2021. This suggests that the market is currently driven more by retail investors rather than institutional-scale transactions that usually signal speculative swings. While small increases in whale activity have been observed, these are not at levels that typically precede a major rally or significant sell-off. However, IT Tech warns that sudden increases in whale transactions are often a sign of impending price changes, making on-chain activity an important metric to watch. Related News: Howard Lutnick, Donald Trump's Nominee for Secretary of Commerce and CEO of Cantor Fitzgerald, Speaks on Tether (USDT) in the Senate Ethereum has successfully reclaimed the $3,000 level, but the analyst notes that a move towards $3,500 and beyond would require rising LTV as confirmation. Without this, Ethereum could consolidate or experience a pullback. IT Tech warns that if whale activity suddenly increases amid price weakness, it could signal dispersion and lead to a correction towards the $2,800-$2,500 range. *This is not investment advice. Continue Reading: What’s the Latest on Ethereum? Are the Bulls in? Analyst Explains the Latest Situation

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.