Bullish Signals and Whale Moves Push Ethereum Toward $4,000
Ethereum’s price has risen by 7.5% over the past week, showing signs of building momentum toward the $4,000 mark. A golden cross, a bullish technical indicator, and an RSI currently at 63.6 suggest the potential for continued gains. However, the market remains at a critical juncture where support and resistance levels will shape its trajectory.
Whale activity, a key factor in Ethereum’s market dynamics, has rebounded after a brief drop earlier in January. The number of wallets holding at least 1,000 ETH has climbed to 5,615, signaling renewed confidence among large investors. This accumulation could drive further price growth if the trend persists.
The RSI, which recently dropped from overbought levels, reflects a neutral-to-bullish sentiment. While a rise toward 70 could reignite upward momentum, a decline below 50 might indicate weakening strength.
READ MORE:
XRP Attracts Attention with Positive Market SentimentEthereum’s golden cross, formed earlier this month, supports a bullish outlook, with resistance at $3,827 as the next key target. A break above this level could pave the way toward $4,000, but maintaining support at $3,543 will be crucial to avoid a downturn.
With technical signals and whale interest aligning, Ethereum’s path forward hinges on its ability to sustain this momentum and navigate critical price levels.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Altcoin ETF demand may be limited despite expected SEC approval

MicroStrategy stock drops amid Bitcoin dip

Bitwise secures $70M to boost crypto solutions

Cipher Mining (CIFR) shares fall despite $18M Q4 profit

Trending news
MoreCrypto prices
More








