Big Players Keep Buying Ethereum Whales Accumulate 430,000 ETH In 72 Hours

Ethereum's price has been stuck between $2,650 and $2,750 for the past week, unable to break above $2,800. Despite this uncertainty and fear of further decline, large investors (whales) have purchased 430,000 Ethereum in the last 72 hours, continuing a trend of buying during price dips. This large-scale accumulation has historically preceded price increases, offering potential for a recovery. Ethereum's long-term prospects are positive if it can hold its current support levels and surpass $2,800. The next few days are critical for determining Ethereum's short-term price direction, as it continues to trade sideways between $2,550 and $2,850. Breaking above $3,000 could trigger a significant price rally, while falling below $2,600 could lead to a larger correction down to price levels from late 2023.