Ethereum Whales Move $430M in ETH Amid Stable Market
Ethereum whales have been active in the past 24 hours, moving nearly $430 million in ETH. This significant whale activity spike saw Ethereum's largest wallets redistribute 226,435 ETH, but the market absorbed these transfers without a sharp price drop. The price of Ethereum remains above key support levels, as buyers maintained control and sentiment from professional traders remained bullish.
The long-to-short ratio favors buyers, indicating confidence in higher prices ahead. Ethereum currently trades near resistance around $1,918, with potential to challenge $2,145 if buyers hold. A rejection could push prices back to $1,830 before recovery attempts. The overall market shows mixed movements, with Bitcoin above $64K and notable gains in altcoins like ADA and UNI.