Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B

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Coin Telegraph 2d ago

Ethereum eyes 65% gains from 'cycle bottom' as BlackRock ETH stash crosses $1B - Coin Telegraph

Quick Summary:

Nevertheless, it is now well-positioned for a sharp price rebound.65% ETH price rebound in play by JuneFrom a technical standpoint, Ether’s price is eyeing a potential breakout as it retests a long-term support zone.

Source: Ted PillowsConversely, a decline below the support zone could push the ETH price toward the 200-2W exponential moving average (200-2W EMA; the blue wave in the first chart) at around $1,560.

The latest onchain data from Nansen shows that since March 12, 2024, addresses holding 1,000–10,000 ETH have grown their holdings by 5.65%, while the 10,000–100,000 ETH cohort has risen by 28.73%.Ethereum whale holdings.