"Past Patterns and Whale Purchases Raise Expectations for Ethereum; Could Surpass $2680"
Summary
- Ethereum has historically shown strength in the second quarter, and this aligns with the Pectra upgrade, suggesting the price could surpass $2680.
- A specific Ethereum whale purchasing 75.39 million ETH is positively impacting the community's investment sentiment.
- Ethereum breaking through the $2550 resistance line and the rising RSI index indicate increased investor interest.
Considering the past price trends of Ethereum (ETH), an analysis suggests it could surpass $2680.
On the 27th (local time), AMB Crypto stated, "Historically, Ethereum tends to be bullish in the second quarter," adding, "The Pectra upgrade also supports Ethereum's rise." They further noted, "Ethereum could surpass $2680."
Attention was also drawn to whale purchases and technical indicators. The media reported, "An Ethereum whale purchased as much as 75.39 million ETH the previous day. This whale has historically made large purchases just before Ethereum's sharp rises," and evaluated, "It is having a positive impact on the community's Ethereum sentiment." Additionally, "Currently, Ethereum has broken through the $2550 resistance line, showing an influx of buying pressure," and explained, "The Relative Strength Index (RSI) is also gradually rising, reflecting increased investor interest."
As of 6:51 PM, Ethereum is trading at $2635 on the Binance USDT market, up 2.95% from 24 hours ago.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
