Ethereum price maintains an uptrend line as BitMine and long-term whales accumulate, ETF flows turn positive, and bulls target a possible move towards the $4,000 level.
summary
- Ethereum Prices will remain above rise The trend line from May maintains a potential heading towards $4,000 as MACD and RSI show a bullish divergence.
- BitMine and other long-term holders have grown their assets. Ethereum It shows strong confidence and indicates that the market’s liquid supply is shrinking.
- spot Ethereum The ETF has turned from net outflows to net inflows, suggesting renewed interest from institutional investors that could strengthen the bullish structure.
According to technical analysis and market data, the price of Ethereum could reach higher price levels as long-term holders, including Bitmin, continue to accumulate the cryptocurrency.
ethereum price
The digital asset remains above the uptrend line established in May, connecting the lows of June, November, and December. According to industry reports, market analysts have identified this pattern as a potential indicator of a continued upward trend.
Technical indicators are showing a bullish divergence pattern on the Ethereum price chart. According to technical analysts, the Moving Average Convergence Divergence (MACD) indicator is approaching the zero line, while the Relative Strength Index (RSI) is above the neutral level, indicating the possibility of further appreciation towards the $4,000 target.
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Analysts noted that the outlook faces downside risks if Ethereum breaks below the uptrend line, indicating a change in market sentiment and could lead to further price declines.
BitMine has significantly increased its Ethereum holdings over the past 30 days, taking its combined position to what the company describes as the largest in the industry. Blockchain data shows that long-term holder addresses that control large amounts of Ethereum currently make up a significant portion of the total supply, with accumulation increasing since late December.
Market observers point to Ethereum’s growing role in tokenizing real-world assets and expanding payment systems as factors that could support long-term price gains.
Ethereum exchange-traded fund flows have recently shifted from net outflows to net inflows, according to fund flow data, indicating renewed interest from institutional investors. A reversal in ETF flows signals a shift in investor sentiment and could further support price gains.
Analysts said the near-term price trajectory of the cryptocurrency depends on the maintenance of key support levels, with technical indicators and accumulation patterns pointing to the possibility of further upside.
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