Major investors continue to show interest in Ethereum (ETH) despite its price slide becoming the second-largest cryptocurrency. Industry professionals follow crypto whale trading patterns since these large investors prove skilled at timing their market moves.
The crypto analyst identified on X confirmed that large investors bought 600,000 ETH in the last week. Investors use this buying opportunity to acquire tokens below market value because they expect prices will rise over time.
Whales have bought over 600,000 #Ethereum $ETH in the past week! pic.twitter.com/y736DxlGSP
— Ali (@ali_charts) February 12, 2025
Ethereum Whale Deposits Surge: A Shift in Strategy?
Coinglass reports that large ETH amounts now move into cryptocurrency trading platforms instead of traditional buying trends. Funding deposits for $10 million ETH appeared at exchanges during the last 24 hours. Based on the size of such transactions only minor market pressures will develop given their small volume.
Traders with short-term investment horizons duplicate long-term holder strategies by deploying excessive leverage when predicting market recovery. Currently long-position traders have high leverage fixing $201.5 million at $2,567 while short-position traders hold $60 million with $2,635 leverage. Investors believe the market will turn positive soon despite their current losses.
ETH Drops 3.25% as Trading Activity Increases
ETH trades at $2,630 with its price dropping 3.25% after one day. Market entry numbers have grown 15% showing more investors join the market as prices dropped 3.25% during the past 24 hours The ETH descending triangle shape on its four-hour chart remains within tight boundaries in a potential breakout direction.
ETH has a chance to increase 10% if it breaks past $2,700 in four-hour trading periods and pushes its price to $3,000. ETH remains one of the indicators traders should pay attention to since it keeps sitting underneath the 200-day Exponential Moving Average on the daily chart.
Whale traders currently buy and sell Ethereum in equal measures which creates market uncertainty. Strong buying pressure breaking through the resistance barrier can launch an upcoming ETH price rise. The market will likely continue down when traders cannot keep up their purchase volume.
The future of Ethereum depends on how it handles upcoming market challenges because everyone wants to know if its rally will succeed or if another volatility surge will strike. Market participants need to monitor current market changes and alter their trading approach.
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