In just two hours, three newly created wallets, likely connected to the same organization, spent 50.04 million DAI to purchase 25,425 ETH at an average entry price of $1,968. This coordinated accumulation comes as Ethereum attempts to break through its key 100-day technical resistance between $1,935 and $1,970. The RSI indicator is in the mid-60s, signaling room for further upside before overbought conditions. The next resistance level stands near $2,180, where the 200-day moving average remains positioned.
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