#XmasCryptoMiracles Ethereum Whales Just Hit Highest Level Since September
The number of “whales” holding at least 1,000 ETH has hit its highest level since September, currently standing at 5,631. This is a recovery from the 5,565 recorded on November 26, indicating an increase in accumulation from large investors.
The move represents growing confidence among large investors, which is generally considered a positive signal for Ethereum’s price trend.
Key Resistance
The $3,523 resistance level is a key point for ETH’s short-term price movement. If this resistance level is conquered, ETH could retest $3,763.
If the recovery momentum is sustained, Ethereum price could continue to climb to $3,987 and potentially retest $4,100, signaling a strong continuation of the bullish momentum.
Conversely, if ETH fails to surpass $3,523, the price could face a correction, testing the support at $3,256.
If this support fails to hold, ETH price could drop further to $3,096, indicating increased selling pressure.
$ETH