Altcoins News

Story: Ethereum at $2.4K as Whales Accumulate, Foundation Sells

By Pankaj K

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Whales Accumulate Over 1.49 Million ETH. Despite Ethereum's flat performance recently, large investors appear to be betting on a rebound.

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Meanwhile, the Ethereum Foundation Sells $32 Million Worth. In stark contrast to the whales’ quiet accumulation, the Ethereum Foundation has been actively…

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Retail and Institutions Also Lean Bearish. Adding more weight to the selling pressure, data from CryptoQuant shows a notable increase in…

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Technical Indicators Reflect Market Uncertainty. Ethereum’s Relative Strength Index (RSI) Divergence Indicator stood at 48.62 at press time.

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What Comes Next for Ethereum?. The path ahead for Ethereum depends heavily on which group maintains control — the accumulating…

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Ethereum [ETH] is currently at a pivotal point, both in price action and investor behavior. Hovering between $2,400 and $2,500, the second-largest cryptocurrency by market cap…

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Over the past two weeks, ETH has struggled to break free from its current price range following a sharp correction in June that dragged it from $2,800 to $2,100.

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Despite Ethereum's flat performance recently, large investors appear to be betting on a rebound. According to data from CryptoQuant, whale wallets have accumulated over 1.

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A closer look reveals that on July 1st alone, whales purchased 704,000 ETH, exceeding the 585,000 ETH sold that day.

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This selling spree has raised eyebrows in the crypto community. While some interpret it as routine treasury management, others see it as a cautious signal from Ethereum’s core…

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Adding more weight to the selling pressure, data from CryptoQuant shows a notable increase in Ethereum inflows to centralized exchanges.

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This trend is especially concerning given that such movements are not backed by a surge in new capital inflows.

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Ethereum’s Relative Strength Index (RSI) Divergence Indicator stood at 48.62 at press time. This neutral reading reflects a market in consolidation, lacking strong bullish or…

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This balanced RSI reading confirms what price action has shown over the past few weeks: Ethereum is in a state of indecision, caught between upward pressure from whales and…

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The path ahead for Ethereum depends heavily on which group maintains control — the accumulating whales or the selling cohort that includes the Ethereum Foundation and retail…

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