With the increasing number of investors holding Ethereum long-term without selling, it seems that the second-largest currency in the market is preparing to test the $3000 level again.
The data suggests that more than 164 million $ETH have not moved in over 6 months, which is considered a strong bullish signal supporting the idea of decreasing selling pressure in the market.
Ethereum is currently trading near important resistance levels, standing at $2577, and with a breakout of this area, we may see a surge towards the $2650 and then $3000 levels.
It appears that large investors (LTHs) still believe in the future of Ethereum and continue to hold their positions despite the volatility, which adds positive momentum to the price movement.
Do you expect to see an actual breakout soon at the $3000 level? Share your opinion!
