Ethereum Whales Accumulate as Price Risks and Gains Surge
TL;DR Summary
Ethereum's accumulation addresses have reached a record high of 22.8 million ETH, indicating strong conviction among long-term holders and potential for a major rally. On-chain activity has surged, and stablecoin dominance suggests possible altseason. However, ETH faces technical resistance at around $2.6K, and a break above this level could propel it past $3K, contingent on overcoming key resistance levels.
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