Türkçe
Español
Following a pullback in the cryptocurrency market, on-chain data reveals that Ethereum 
$2,670 holders have been purchasing at lower price points. Reports indicate that in the past week, 600,000 ETH were acquired, which instills optimism regarding the asset’s future value.
Ethereum Whales
According to cryptocurrency market analyst Ali Martinez, Ethereum whales made substantial purchases during the price decline from $2,800 to $2,600. This activity suggests that investors are increasingly anticipating a rebound in prices.
General market volatility has intensified due to macroeconomic developments and announcements from the U.S. Federal Reserve. Although this has exerted selling pressure on risky assets, the increased buying activity raises the possibility of short-term market fluctuations.
Expert Insights and Future Predictions
Market experts point out the importance of technical indicators while assessing Ethereum’s current state. Notably, the ‘Golden Cross’ formation observed on the weekly chart has been suggested as a potential catalyst for future price increases.
Merlijn The Trader: “The weekly chart shows a Golden Cross; this formation supports bullish expectations.”
Moreover, analyst Ash Crypto notes similarities between Ethereum’s current cycle and Bitcoin 
$110,280‘s previous cycle. Investors share the forecast that this resemblance may lead the asset to reach new highs.
Ash Crypto: “Ethereum’s current cycle parallels Bitcoin’s last period.”
Recent data shows that the ETH price has fallen by more than 4% daily, fluctuating between lows of $2,565.40 and highs of $2,724.90. Despite this volatility, the buying momentum may support the asset’s potential to rise back to previous levels.
Given the current economic environment and market volatility, investors are expected to proceed with caution. The surge in buying could help market participants evaluate risks and opportunities. In this context, technical indicators and expert opinions provide clues for a possible recovery process.
