Big Whale Orders have reappeared on Ethereum near the $2,400 level for the first time since mid-August, according to CryptoQuant data. These large orders also appeared during February-March and June lows, with the price recovering both times afterward. The direction of these orders remains uncertain, however: they could represent dip buying or selling. The Futures market has shown sell dominance since early October, a first since the beginning of the year. ETH was trading at $2,433 at press time, up 1.5%, with the RSI just crossing above its signal line.
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