After a short duration of $ 3,700 in early January, ethereum struggled to maintain their profits and now has 12% below its recently established local top. The main feeling of the Altcoin market remains silenced.
As such, a new analysis suggests that the next significant price change will be largely influenced by whales.
No whale frenzy
The price of ethereum has stabilized above $ 3,000, but the cryptocant analyst 'it tech' <a target="_blank" href="https://x.com/IT_Tech_PL/status/1884648966463099097″ target=”_blank” rel=”noopener” data-wpel-link=”external”>warned That a fall at $ 2,800- $ 2,500 remains a possibility if the whale activity increases in the midst of the weakness of prices.
Currently, the large volume of ethereum transactions (LTV) remains low compared to previous Toro cycles, which indicates a market promoted more by retail investors than the great institutional players.
Unlike 2017 and 2021, there are no excessive speculative activity signs of whales. Such a trend usually indicates a more organic rally driven by retail players instead of speculative mania.
Although occasional peaks have been observed in LTV, they are not yet at levels that generally precede the main price movements. For ethereum to continue its promoting impulse to $ 3,500 and beyond, analysts suggest that a sustained increase in LTV is necessary as a confirmation of a strong institutional interest.
However, if the big holders begin to distribute eth while prices weaken, significant correction could trigger. Investors must closely monitor LTV trends, since sudden changes in whale behavior could be an early warning of a price decrease in the range of $ 2,800- $ 2,500.
Rocky January for ethereum
The ethereum ecosystem as a whole has faced important criticisms about eth sales of the eth of the Vitalik Buterin co -founder, the fears of centralization and regulatory uncertainty. However, market experts argue that the negative feeling often precedes a rally, and some project the asset to obtain from $ 4,000 to $ 20,000.
Meanwhile, Vivek Raman, former UBS merchant and the founder of Etherealize, believes that cryptographic assets remain undervalued. He cited five key reasons for optimism.
First, the Trump family defi project, World Liberty Finance, is strongly invested in ethereum. Second, he pointed out the growing institutional demand with asset administrators and coverage funds covered by tokenization, a movement that depends on ethereum infrastructure.
Third, investment banks are integrating cryptographic functionality, favoring ethereum for their safety and programability. Fourth, the repeal of SAB 121 eliminates regulatory barriers and, in turn, allows banks to keep eth and other tokenized assets.
Finally, an ETF of ether is expected, backed by a leadership of the most friendly sec with innovation.
Free Binance $ 600 (Cryptopotato Exclusive): Use this link to record a new account and receive an exclusive welcome offer of $ 600 in Binance (Complete details).
Limited offer for Cryptopotate readers at Bybit: Use this link to register and open a free $ 500 position in any currency!
<!– ai CONTENT END 1 –>