Following some announcements on Donald Trump’s tariffs, the encryption market has fallen volatile. As a result, the price of Etherrium (ETH) has fallen below $ 2,000, so long liquidation has soared. Among them, the various warm -chain metrics for Ether Leeum have become weak, reducing accumulation. However, analysts expect the price of ETH to rebound ahead of the upcoming encryption summit.
Whale pressure falls in the middle of ETH’s dip
CoingLass’s recent data shows equal trading activities because Ether Lee Rium remains at $ 2,500. In the last 24 hours, Ether Lee has faced a total liquidation of about $ 478 million, and the buyer has settled $ 28.1 million and the seller has finished $ 19.7 million in a short position.
In the meantime, major investors have a chance to buy Ether Leeum at a lower price ahead of the upcoming White House encryption summit. Traders focus on the activities of wallet addresses related to the world Liberty Financial (WLF), which selects Trump.
Also read: Trump’s WLFI buys $ 10 million from Ether Leeum despite the loss.
According to Arkham Intel, a whole chain intelligence company, WLF’s wallet has tripled ether holding in one day. The WLF is actively purchasing Ether Leeum during the recent price dip. According to Arkham Intel’s report, as of Thursday, WLF has about 7,100 Ether Leeum tokens and is worth more than $ 80 million. In just 24 hours, a significant increase in 2,500 tokens emphasizes a strong accumulation strategy.
INTOTHEBLOCK’s data showed a significant decrease in the whale activity of Ether Leeum, which matched the significant losses due to the drop in Ether Leeum. The number of whale trading decreased significantly, dropping from 13.4K transactions to 6.46K. In addition, large -scale trading volume has dropped sharply, plummeting from $ 11 billion to $ 5.5 billion.
The decrease in whale pressure was made according to the negative trend in the understated interests of large -scale holders. According to the encryption data, ethical data, especially 1,000 to 10,000 eth, 10,000 to 100,000 ETH whales, experienced a transition to a negative profit.
What is the next price of ETH?
ETH prices have recovered to $ 2,300, facing purchase pressure. However, as the bear strongly defended the resistance level, it did not soar further. At the time of writing, Etherrium price is $ 2,200, down more than 0.9% over the last 24 hours.
The ETH/USDT transaction pairs are struggling to approach immediately at $ 2,530. This level can be a big obstacle because STHS can be liquidated here. But as demand increases, the buyer can soon increase the level.
If the price is kept below the EMA20 trend line on the one -hour chart, the seller will try to reduce the seller to 2K.
However, if the RSI level continues to be traded around the intermediate line at level 45, it can cause re -testing of the resistance channel. If the price is more than $ 2,530, it is advantageous to the buyer. The transaction pair can then increase to $ 2,935.