Ether whale accumulation started rising at the beginning of March, suggesting that large holders are expecting an ETH rally in the near term.
Ether needs to reclaim the “macro” range above the $2,200 mark to amass more upside momentum as crypto markets remain pressured by global macroeconomic concerns until at least the beginning of April.
Ether (ETH) price is down over 51% during its three-month downtrend after it peaked above $4,100 on Dec. 16, 2024, TradingView data shows.
ETH/USD, 1-day chart. Source: Cointelegraph/TradingView
