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Is Ethereum Price Going Parabolic? Long-Term Holders Signal ‘Greed Mode’

  • Long-term holders of Ethereum remain confident and continue to accumulate ETH, signaling a potential major price rally.
  • The market is currently in the early stages of the belief phase, suggesting a big move for ETH could be forthcoming.
  • Ethereum's price struggles to surpass $4,000 resistance, with sellers defending the level and signaling high selling pressure.
  • A bearish reversal from $4,000 could cause a 10% drop to $3,500, seeking support at the 50-day Exponential moving average.

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