Ethereum (ETH) is showing signs of a possible major movement. Whales have been quietly buying, and the charts now show sellers losing strength. A recent bullish crossover in the ETH/BTC pair suggests that buyers are starting to take action. Additionally, Ethereum network fees have dropped dramatically, hitting a four-year low of $0.168. With all these factors in mind, some analysts believe that ETH may be heading toward the $5,000 range.
The momentum is changing rapidly. New data from Ethereum (ETH) also shows that the net takers' volume is becoming positive, a common sign that the price may recover soon. As larger holders continue to buy and fees keep dropping, ETH seems poised for a breakout. If it holds the current support, Ethereum could be one of the strongest moves in the next rally.