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Ethereum Whales Add 1.49M ETH Fueling Explosive Bullish Outlook
- Ethereum whales have increased their holdings by 1.49 million ETH in the past 30 days, marking a 3.72% rise.
- Ether surpassed $2,800 for the first time in four months, indicating a bullish trend.
- Analysts suggest a potential 438% surge for Ethereum, setting a target above $10,000 if $2,500 support remains strong.
- Large-scale accumulation by top-tier holders is seen as a positive indicator for Ethereum's price growth.
- Historically, increased whale activity has foreshadowed significant market price movements.
- Ethereum's breach of the $2,800 level is seen as a critical move, potentially paving the way for a rally towards $3,500–$4,000 with sustained momentum.
- To confirm a bullish reversal, Ethereum needs to stay above the $2,750 breakout level according to analysts.
- Failure to maintain the breakout level could result in Ethereum retracing to the earlier trading range.
- Crypto Patel predicts a substantial surge for Ethereum, targeting a price above $10,000 based on a multi-year bullish setup.
- ETH experienced a 9.6% decline in the past 24 hours, currently struggling to hold the $2,500 level.
- Despite the recent pullback, Ethereum's long-term outlook remains optimistic if key support levels are maintained.
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