Ethereum is battling to hold the $2,500 support level after failed breakout attempts above $2,700 in recent weeks. According to recent data, large orders have flooded back into Binance since May 19, signaling renewed confidence. This return of deep-pocketed investors signals growing interest in Ethereum at current levels. Top analyst Darkfost shared a metric showing that Ethereum whales are once again active on Binance. Since May 19, large buy orders from whales have been appearing in force on Binance. This surge in high-volume activity is a highly encouraging sign and may mark the early stages of a new bullish trend. If buyers step in with strength, Ethereum could lead the charge for altcoins in the coming weeks. All eyes are on price action and whale behavior as traders prepare for what could be a pivotal breakout.
Ethereum whales return to Binance, signaling potential breakout after May 19
Edited by: Yuliya Shumai
Sources
Bitcoinist.com
Read more news on this topic:
Did you find an error or inaccuracy?
We will consider your comments as soon as possible.