The price of ETH has recently fell to $ 1,900 and broke an important trend line. This shows that technical indicators are still weak and that the bears dominate the market.

The decline tendency in three -week, monthly and two -month graphics leads to the cautious of investors, while the large candle closure that will take place in the next eight days increases the uncertainty. However, despite all these weaknesses, over -chain data reveals that the Ethereum ecosystem continues to resist.

Despite the decrease in the price of Ethereum, there is a significant increase in over -chain activities. While the whales continued to accumulate ETH, the process volume increased remarkably. ETH has shown that the market is still supported by strong hands by winning the $ 2,000 level.

The transaction volume increased by 60.6 %to $ 10.89 billion, while the amount of open position increased by 6.66 %in futures and reached $ 21.61 billion. Although technical indicators show that they should be cautious in the market, investors’ interest does not diminish. In particular, the movements of large investors give signals of important signals in terms of future price trends.

According to crypto analyst Ali Martinez, Ethereum whales have purchased 470,000 ETH in the last week. This large -scale accumulation shows the confidence of investors’ long -term growth potential.

The fact that corporate players continue to accumulate ETH prevents a deeper price drop. As seen in the past, whale movements are often taking place before the market changes the direction. Smart money moves before market trends are noticed by everyone.

Currently, a large accumulation area has been formed between $ 1,886 - $ 1.944. In this price range, more than 3 million investors hold a total of 6.12 million ETH. This region has become an important level of support for Ethereum and makes it difficult for the price to fall further.

Since most of the investors purchase ETH in this price range, large sales pressure may occur if the price is broken down here. However, considering the existing levels of accumulation, investors will try to maintain this level.

Market analysts think that Ethereum may continue to fluctuate above $ 2,000 in the short term, but more time may be needed for a decisive direction change.

Investors closely follow the developments in ETH/BTC parity. In the technical analysis, an inverted graph shows that a potentially a man & home formation is formed. If this formation is approved, it may be possible for Ethereum to rise to 0.0019 BTC level.

Although the bears continue to control the market, large investors maintain their positions and even increase their positions. The next three -month closing may be a critical turning point for Ethereum’s price movements. The fact that large investors continue to accumulate ETH shows that the market can make a upward movement in the long run.

Ethereum’s future price movement will depend on the struggle between the confidence of investors and technical weakness. Price fluctuations may continue in the short term, but the aggressive accumulation of whales may signal a major movement in the market.

In the coming days, investors will closely follow Ethereum’s critical support levels and large players’ purchase and sale movements. Especially if it can stay above $ 2,000, it will be decisive in terms of short -term market direction.

In this process, developments in the Ethereum ecosystem may also affect price movements. Increased activities of the chain shows that the use and confidence in the Ethereum network continues. Changes in activity, NFT operations and Ethereum Stinging rates in defi protocols may also affect price trends.