ETH managed to cross the $1,200 bar in the last weeks of 2022 ETH whales preferred to hold on to the altcoin than sell their holdings Now that Ethereum [ETH] has crossed the $1,200 range, it is only logical to wonder how it will conclude 2022. Here are some recent observations that may set the […]
The uptrend observed in the ETH addresses with balances higher than 100 ETH metric confirmed the above observation. This was also an indicator that whales were willing to sell for now.This observation may set the pace for ETH price action this week, especially if those addresses and higher whale categories hold on to their coins. There haven’t been any outflows from top addresses. Additionally, the supply held by top addresses confirmed a large accumulation in mid-November.from top addresses.
Interestingly, ETH’s volume dropped close to its current four-week low, further supporting the expectations of low volatility.Although the current expectation is that there will be a lot of lateral movement, a different outcome is still on the table. Investors and traders should keep an eye out for any market change that may trigger a different outcome.Subscribe to get it daily in your inbox.
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