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Ethereum Bullish Momentum Grows As Whale Activity Surges

Summary by The Market Periodical
Key Insights: 430,000 ETH purchased by whales in 72 hours boosts buying momentum. The double bottom pattern signals a potential breakout past the $3,800 resistance. Exchange reserves drop, indicating substantial holding and reduced sell pressure. Recent data has indicated that the whales are buying Ethereum (ETH). On the other hand, analytical signals point toward a potential market surge. The decrease in ETH tokens available on exchanges demon…
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The Market PeriodicalThe Market Periodical

Ethereum Bullish Momentum Grows As Whale Activity Surges

Key Insights: 430,000 ETH purchased by whales in 72 hours boosts buying momentum. The double bottom pattern signals a potential breakout past the $3,800 resistance. Exchange reserves drop, indicating substantial holding and reduced sell pressure. Recent data has indicated that the whales are buying Ethereum (ETH). On the other hand, analytical signals point toward a potential market surge. The decrease in ETH tokens available on exchanges demon…

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The Market Periodical broke the news in on Thursday, February 20, 2025.
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