Ethereum whales redistribute $430M in ETH: Is a breakout still likely?

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Ethereum’s largest whales redistributed 226,435 ETH, worth nearly $430 million, over the past 24 hours. The redistribution failed to trigger panic as the price remained above major support. Market sentiment stayed bullish with a 1.61 long-to-short ratio on Binance and a Funding Rate surge of 306.96%. ETH traded around $1,918 after revisiting the key supply zone between $1,900 and $1,945. If buyers continue defending current levels, the price could challenge the $2,145 resistance, while rejection in the supply zone could push it back toward $1,830.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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