A few hours ago, the code whale was scooped up 10,000 ETH The value that goes by $2,532 million In Gemini. Retail investors panic during price drops, while major players are clearly playing a long game. So should you follow their lead or should you sit this? Let’s break it down.
Ethereum Price Analysis – What’s going on now?
- Current ETH Price: $2,480.37
- 24-hour change: +5.44%
- Market capitalization: $29.945 billion
- 24-hour trading volume: $215.6 billion
- Circulating supply: 120.72 million ETH
Despite recent DIP, Ethereum continues to be one of the most aggressively traded and crypto assets worldwide. When whales accumulate, the big question is – what does the chart tell us?
Ethereum Price Prediction – Buy or Hold?
See the latest daily charts:
- Key Support Levels: $2,200 and $1,876
- Immediate resistance: $2,535
- Current price: $2,482 (subject to near resistance)
ETH/USD 1-Day Chart – TradingView
There is an RSI 67.41near the zone that was bought out, but shows even more momentum. Price action has recently occurred beyond the 50-day SMA $1,876confirms bullish feelings. We see minor integrations below $2,535, which could be a healthy cooldown before the next leg goes up.
Portfolio Manager Verdict:
- short term: Owned. Let the market retest the $2,535 resistance.
- Medium to long term: For strategic positions, accumulate in the dip from $2,200 to $2,300.
I bought Smart Money and historically it worked well after whales. If Ethereum is above the $2,200 zone, your next goal could be between $2,800 and $3,000.
How to exchange Ethereum with Bitget
Ready to ride the next ETH wave? Trading on Bitget is fast and secure, and comes with multiple options for spots and futures trading.
Let’s start with three simple steps:
- For exclusive bonuses, sign up for Bitet using this referral link!
- Deposit your funds and select Ethereum (ETH) from the transaction dashboard.
- If you are trading with short-term price actions, choose to trade long-term holdings or spot futures trading.
Don’t forget – and BitGetYou can earn passive income at ETH Holdings using Bitget Acquisition while waiting for the next price surge!