Why is ETH struggling near $2,100 even as whales accumulate?

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ETH’s price has stabilised above $2,100 over the past few days, but risks declining as the bulls are suffering from exhaustion. The near-term mild bearish bias comes despite Ethereum whales accelerating their accumulation of the top altcoin over the past few days. The technical indicators also remain neutral, signalling exhaustion after the rally earlier this week. Whales continue adding Ether to their wallets Whales have increased their accumulation of Ether over the past few days. Data obtained from Lookonchain revealed that several wallets have been withdrawing ETH from exchanges over the past 24 hours. The analysis platform added that four whale wallets withdrew 64,763 ETH from Binance and Bitget on Tuesday.

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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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