Posted 4/8/2024, 7:09:24 AM
Whales Push Ethereum Price Above $3,400 with $49 Million Injections, Forming Local Bottom for Next Move Up
- Crypto whales channeled $35M in stablecoins into Ethereum, pushing its price above $3,400
- Transactions show a strategic play to establish strong support level between $3,328-$3,428
- Another whale bought $14M worth of ETH, averaging $3,410 per coin
- IOMAP shows tight trading range from recent whale activity
- Analyst believes Ethereum has formed local bottom and is ready to move up
