Ethereum experienced significant price swings in response to President Trump's announcement of plans for a strategic crypto reserve.
ETH holders adjusted their holdings during the volatile period, with some acquiring their tokens at the peak price of $2,500 and now facing a 10% loss.
Market traders accumulated 800k tokens at the price resistance level of $2,800, indicating that it is an important level to watch if ETH rebounds.
Crypto whale investor bought 17,855 ETH worth $36 million, affirming the current accumulation trend and suggesting buying opportunities.