Ethereum
Despite a large whale selling approximately 33,682 ETH worth nearly $119 million over the past three days, the price of Ethereum has remained stable above the $2,924 level, which is considered a strong support area according to Glassnode data, as investors hold more than 3 million ETH at this level.
The whale activity has raised some concerns in the market, but the price remained strong, supported by investor confidence. At the same time, Eric Trump called on social media to "buy the dips," which contributed to increased public interest in the market, despite not being a financial expert.
At the end of the report, the market was described as experiencing a balance between selling from the whales and buying from investors, with the price of Ethereum rising to $3,548.65, an increase of 2.62% over 24 hours, indicating continued strong demand.
CoinMarketCap
