ETH Price Recovery Gains Momentum—$1.28B Accumulated This Week

Ethereum prices continue to rise because investors show strong confidence while making large-scale ETH accumulation. The Ethereum market experienced $1.28 billion in investor purchases during the week, which resulted in a 635,000 ETH reduction in exchange supply. The reduced exchange supply shows that investors are moving their ETH to private wallets for long-term storage rather than selling, indicating positive future price trends.

Large investors who are known as “whales” create market-wide effects through their massive asset accumulation. Their substantial financial power together with their market influence enables them to form enduring price trends which generate sustained bullish momentum. Ethereum appears to be preparing an upward price movement because the decreasing supply combined with rising demand typically leads to higher prices.

Ethereum Price Targets Key Resistance at $2,141

Ethereum has made a steady comeback, trading at $2,025, after successfully reclaiming the $2,000 support level. This recovery marks a significant step forward, but the real test is yet to come. The $2,141 resistance level that Ethereum must break through to fully confirm its bullish momentum. A good move above this level could open the way for further gains, easily pushing ETH toward $2,344, which would help it recover the 33% that had dropped from late February.

However, the path forward isn’t without challenges. If Ethereum struggles to build enough buying pressure, $2,000 will serve as the first line of defence, keeping its uptrend intact. A more significant correction, though, could see ETH testing the $1,862 support level, a key area where buyers may step in to prevent a deeper decline.

However, if this movement continues, the next critical support at $1,862 will be coming into focus. This support level has been playing an important role in past market cycles, acting as a floor that prevents declines. A successful jump from $1,862 could give Ethereum another chance to attempt another move. On the other hand, if selling pressure is more than the buying demand, Ethereum could struggle to hold, which might lead to a deeper price correction., ETH could slide further, potentially revisiting lower price zones.

Ethereum Accumulation Signals Strong Investor Confidence

The decrease in the Ethereum exchange supply functions as a bullish sign because investors maintain their assets instead of selling them. The Liveliness indicator supports this trend by measuring the activity of long-term holders. The recent monthly low reading of this metric confirms that investors intend to maintain their ETH holdings instead of selling them. The market behavior holds importance because long-term holder accumulation decreases supply circulation which leads to rising prices over time. Ethereum’s supply crunch will receive additional price support from the ongoing trend in the upcoming weeks.

Can Ethereum Hold Its Position?

Ethereum’s success in surpassing this barrier would initiate a fresh wave of bullish momentum, which would drive price targets upward throughout the upcoming weeks. ETH’s inability to surpass this resistance level would result in a market pullback that investors will monitor at the $1,862 support point. The record-high accumulation level indicates Ethereum may prepare for a significant market breakout despite current price swings. The strong conviction of long-term holders and institutional investors has reduced ETH exchange availability, which historically precedes substantial price increases.

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