ETHEREUM (ETH) seems to be the second largest encrypted currency in the world, struggling and preparing for a huge decrease due to a noticeable decrease in the past 24 hours. On March 4, 2025, with a 12 % decrease in prices, Al -Atheer violated one of the decisive support levels, which it had been carrying since December 2023.
Technical analysis of Ethereum (ETH) and the next level
This collapse may partially transform the market morale towards the declining side. According to expert technical analysis, ETH looks down as it has decreased to less than the level of decisive support of $ 2200. After this collapse, Altcoin wiped its way for a decrease in prices.
Based on modern prices of prices and historical momentum, if ETH closes a daily candle lower than 2,065 dollars, there is a strong possibility that can decrease by 26 % to reach the next support at $ 1500 in the coming days.
With a continuous decrease in the price, the ETH fell away from the Si -moving average (EMA) on the daily time frame, indicating that the original is in a decline.
The biological measures on the chain
Despite the declining prices and the continued low prices, the long -term whales and length appear to accumulate the distinctive symbol, as stated by the Analysis Company on the series Coinglass Blockchain Lookonchain transactions.
Buy whales $ 10.40 million from ETH
In a recent publication on X (previously Twitter), Lokonchain noted that the encryption whale knew that 7 siblings have been spent again 10.36 million dollars and bought 4993 ETH at an average price of $ 2075. With this great accumulation of symbols symbols, these encrypted whales enders maintain 1,157,000 ETH at a value of $ 2.4 billion in the wallet.
However, the last time they bought on February 25, when they spent 28.75 million Dai Tokeen and bought 12,070 ETH, at an average price of $ 2,382.
At a value of $ 130 million of ETH external flow
Besides the growing whale whale, amid a retreat from the price, it also appears that the long -term range has greatly accumulated symbols symbols. Data from the immediate flow/external flow revealed that exchanges have witnessed an external flow of $ 130 million of ETH within the past 24 hours, indicating a possible accumulation.
Despite all these accumulation and symbolic external flow, ETH is currently trading near $ 2070, and has witnessed a decrease in prices by more than 12 % at the past 24 o’clock. However, during the same period the trading volume decreased by 12 %, indicating a decrease in participation from merchants and investors, which are likely to be caused by significant fluctuations in prices.
