Ethereum (ETH) sees renewed activity among major whales
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Additionally, the Moving Average Convergence Divergence level is at 104.47. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security’s price. A positive MACD indicates that the price is on an upward trend, further supporting the bullish outlook for Ethereum.
The combination of whale accumulation and bullish technical indicators paints a positive picture of Ethereum’s near-term prospects. The increase in suggests confidence among major investors, who often have significant insights into market trends and fundamentals. Their accumulation could drive further interest and investment from smaller retail investors, creating a positive feedback loop that supports higher prices.
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