Ethereum Market Shows Steady Growth

Ethereum continues to attract attention from both retail and large investors. In recent weeks, the market has shown consistent growth. The price of ETH fluctuated between $4300 and $4700 before correcting to the current $4520, demonstrating that the asset is holding its position and is ready for further movement.

Activity of Large Wallets

Particular attention should be given to large wallets. Data from Lookchain shows that a recently created wallet moved 5,297 ETH from Binance and Bitget, equivalent to $24.7 million. Previously, another wallet transferred 13,322 ETH worth more than $61 million. These transactions not only indicate whale activity but also signal growing interest in Ethereum.

Technical Analysis and Key Levels

From an analytical perspective, this is an important signal. When large investors accumulate assets, they usually act with a long-term strategy in mind, creating the conditions for growth. ETH is currently facing resistance between $4,800 and $4,880. A breakout above this range could trigger further upward momentum and attract more market participants. Support between $4,200 and $4,400 continues to provide stability and reduce the risk of sharp declines.

Institutional Investors and Long-Term Trends

The market is seeing increased activity not only from whales but also from institutional investors. They are gradually increasing their ETH holdings, strengthening the cryptocurrency’s position amid general market uncertainty. Analysts note that the current market structure remains bullish. Accumulation by large investors is creating conditions for a new growth phase, with the potential for ETH to approach $10,000 in the coming months if current trends continue.

Ecosystem Development and Additional Growth Drivers

Ethereum continues to expand its ecosystem, making it attractive not only as an investment but also as a technological platform. The growth of DeFi, NFTs, and other projects is driving additional demand for ETH and reinforcing its long-term potential.

Overall, the recent actions of Ethereum whales and institutional investors confirm strong interest in the cryptocurrency and create the foundation for future growth. For investors, this signals that the market remains attractive for strategic investments.

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