Whale $ETH buys an additional 1 billion USD after a 15% drop - Where will the price go next?
$ETH seems to be stabilizing again after a strong correction. Currently, $ETH is trading around 2,950 USD after dropping about 15.6% from the peak in January 2024 and bouncing back from an important support zone. Although the price action of Ethereum remains weak (down 11% in the past week), some fundamental signals suggest that the situation may be changing.
Several positive factors such as the decline has been "reset"
The whales are buying
aggressively and the sudden recovery in network activity is emerging. Taken together, these signals raise an important question: Is Ethereum preparing for a stronger recovery, or is this just a short-term bounce?
ETHUSDT
Perp
2,815.83
-4.77%