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Ethereum Price Forecast: Whales Spotted Buying $2.5B ETH Amid Two-Week Market Dip

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Summary
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73% Informative

On-chain data reveals that Ethereum whale wallets have accumulated 918,506 ETH ($ 2.5B ) since Feb. 3 .

Whale Wallets have capitalized on the falling price to add over $2 billion to their balances in two-week buying spree which began on Feb 3 .

ETH/USD daily price action data shows that the second -largest cryptocurrency by market capitalization briefly tested a monthly low of $ 2,524 on Feb. 9 before staging a mild recovery.

The RSI ’s downward trajectory, remaining below the 50 -neutral mark, indicates that bears maintain control.

A move below the $ 2,640 support could intensify selling pressure, exposing ETH to a retest of the$2,500 psychological level.

Conversely, a breakout above $2.800 could trigger renewed bullish interest, targeting the mid-January resistance at $ 3,437 .

However, ETH is likely to remain range-bound unless a catalyst emerges.

VR Score

62

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54

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51

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formal

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English

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short-lived

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