ETH Price Surges 45%, Nears $3,000
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Boost Ethereum Price RallyCoinGape
•Business
Business & Economics
Ethereum Eyes $4,000 as On-Chain Data Confirms Whale Accumulation and Supply Crunch
67% Informative
ETH price has surged 45% in May , approaching $ 3,000 after 45% gains in May .
Smart money investors have increased their ETH holdings to 123,615 coins.
Exchange balances have dropped to 15.15 million , indicating reduced selling pressure.
ETH staking inflows have jumped by 309 K tokens, worth roughly $813 million .
Investors can expect a retracement to the next key support zone the weekly bullish breaker, extending from $1,872 to $2,069 .
A bounce from this area will have allowed bulls to recuperate the momentum and reset the RSI .
A flip of this resistance level into a support floor could make way for ETH to sweep $ 4,093 and collect the buy-side liquidity.
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