• bitcoinBitcoin (BTC) $ 114,230.00
  • ethereumEthereum (ETH) $ 4,293.32
  • xrpXRP (XRP) $ 2.92
  • tetherTether (USDT) $ 0.999954
  • bnbBNB (BNB) $ 836.22
  • solanaSolana (SOL) $ 184.34
  • usd-coinUSDC (USDC) $ 0.999813
  • staked-etherLido Staked Ether (STETH) $ 4,280.11
  • tronTRON (TRX) $ 0.348940
  • dogecoinDogecoin (DOGE) $ 0.216984
  • cardanoCardano (ADA) $ 0.880437
  • chainlinkChainlink (LINK) $ 26.09
  • wrapped-stethWrapped stETH (WSTETH) $ 5,143.19
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 113,969.00
  • hyperliquidHyperliquid (HYPE) $ 42.42
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,590.58
  • stellarStellar (XLM) $ 0.402286
  • suiSui (SUI) $ 3.52
  • wrapped-eethWrapped eETH (WEETH) $ 4,582.97
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • bitcoin-cashBitcoin Cash (BCH) $ 556.27
  • hedera-hashgraphHedera (HBAR) $ 0.236988
  • avalanche-2Avalanche (AVAX) $ 23.28
  • wethWETH (WETH) $ 4,294.08
  • leo-tokenLEO Token (LEO) $ 9.62
  • litecoinLitecoin (LTC) $ 115.65
  • the-open-networkToncoin (TON) $ 3.27
  • usdsUSDS (USDS) $ 0.998829
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998657
  • whitebitWhiteBIT Coin (WBT) $ 43.38
  • uniswapUniswap (UNI) $ 10.44
  • polkadotPolkadot (DOT) $ 3.85
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 114,099.00
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.50
  • crypto-com-chainCronos (CRO) $ 0.143872
  • moneroMonero (XMR) $ 253.72
  • mantleMantle (MNT) $ 1.34
  • aaveAave (AAVE) $ 293.60
  • pepePepe (PEPE) $ 0.000010
  • ethenaEthena (ENA) $ 0.655880
  • daiDai (DAI) $ 0.999944
  • bittensorBittensor (TAO) $ 349.29
  • ethereum-classicEthereum Classic (ETC) $ 21.22
  • nearNEAR Protocol (NEAR) $ 2.52
  • aptosAptos (APT) $ 4.43
  • ondo-financeOndo (ONDO) $ 0.941200
  • okbOKB (OKB) $ 139.61
  • jito-staked-solJito Staked SOL (JITOSOL) $ 225.21
  • internet-computerInternet Computer (ICP) $ 5.20
  • pi-networkPi Network (PI) $ 0.352425
  • arbitrumArbitrum (ARB) $ 0.504753
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,278.61
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • kaspaKaspa (KAS) $ 0.086303
  • usd1-wlfiUSD1 (USD1) $ 0.998788
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.242893
  • algorandAlgorand (ALGO) $ 0.247894
  • gatechain-tokenGate (GT) $ 17.31
  • cosmosCosmos Hub (ATOM) $ 4.44
  • vechainVeChain (VET) $ 0.023778
  • rocket-pool-ethRocket Pool ETH (RETH) $ 4,859.82
  • fasttokenFasttoken (FTN) $ 4.54
  • binance-staked-solBinance Staked SOL (BNSOL) $ 196.04
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030620
  • susdssUSDS (SUSDS) $ 1.06
  • render-tokenRender (RENDER) $ 3.67
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.19
  • sei-networkSei (SEI) $ 0.303489
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,493.87
  • official-trumpOfficial Trump (TRUMP) $ 8.86
  • worldcoin-wldWorldcoin (WLD) $ 0.945748
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.675588
  • story-2Story (IP) $ 5.79
  • bfusdBFUSD (BFUSD) $ 0.999144
  • bonkBonk (BONK) $ 0.000022
  • flare-networksFlare (FLR) $ 0.023350
  • filecoinFilecoin (FIL) $ 2.43
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,509.65
  • kucoin-sharesKuCoin (KCS) $ 12.35
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,623.81
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 114,066.00
  • quant-networkQuant (QNT) $ 104.19
  • jupiter-exchange-solanaJupiter (JUP) $ 0.495336
  • usdt0USDT0 (USDT0) $ 0.999627
  • skySky (SKY) $ 0.069131
  • usdtbUSDtb (USDTB) $ 1.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.081589
  • paypal-usdPayPal USD (PYUSD) $ 0.999700
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999682
  • falcon-financeFalcon USD (USDF) $ 0.999438
  • injective-protocolInjective (INJ) $ 13.75
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 42.54
  • nexoNEXO (NEXO) $ 1.30
  • celestiaCelestia (TIA) $ 1.72
  • hash-2Provenance Blockchain (HASH) $ 0.026564
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,585.93
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,522.02
  • optimismOptimism (OP) $ 0.722125
  • tether-goldTether Gold (XAUT) $ 3,331.98
  • spx6900SPX6900 (SPX) $ 1.35
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999466
  • curve-dao-tokenCurve DAO (CRV) $ 0.884749
  • lido-daoLido DAO (LDO) $ 1.35
  • blockstackStacks (STX) $ 0.669388
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 113,595.00
  • aerodrome-financeAerodrome Finance (AERO) $ 1.34
  • wbnbWrapped BNB (WBNB) $ 833.57
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 208.06
  • pump-funPump.fun (PUMP) $ 0.003072
  • immutable-xImmutable (IMX) $ 0.552214
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.998068
  • sonic-3Sonic (S) $ 0.315405
  • saros-financeSaros (SAROS) $ 0.381379
  • flokiFLOKI (FLOKI) $ 0.000102
  • conflux-tokenConflux (CFX) $ 0.186229
  • the-graphThe Graph (GRT) $ 0.091608
  • super-oethSuper OETH (SUPEROETH) $ 4,283.51
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • pax-goldPAX Gold (PAXG) $ 3,333.90
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 114,292.00
  • fartcoinFartcoin (FARTCOIN) $ 0.901848
  • pendlePendle (PENDLE) $ 5.32
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.59
  • clbtcclBTC (CLBTC) $ 114,998.00
  • raydiumRaydium (RAY) $ 3.28
  • kaiaKaia (KAIA) $ 0.146511
  • tezosTezos (XTZ) $ 0.810058
  • dogwifcoindogwifhat (WIF) $ 0.858326
  • msolMarinade Staked SOL (MSOL) $ 242.22
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,296.98
  • ethereum-name-serviceEthereum Name Service (ENS) $ 24.96
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,097.40
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.22
  • iotaIOTA (IOTA) $ 0.198891
  • vaultaVaulta (A) $ 0.497729
  • theta-tokenTheta Network (THETA) $ 0.790933
  • galaGALA (GALA) $ 0.016526
  • jasmycoinJasmyCoin (JASMY) $ 0.015603
  • memecoreMemeCore (M) $ 0.448317
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,232.58
  • newton-projectAB (AB) $ 0.009593
  • morphoMorpho (MORPHO) $ 2.14
  • ousgOUSG (OUSG) $ 112.24
  • the-sandboxThe Sandbox (SAND) $ 0.281397
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997484
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.07
  • tbtctBTC (TBTC) $ 113,953.00
  • pyth-networkPyth Network (PYTH) $ 0.117753
  • ripple-usdRipple USD (RLUSD) $ 0.999818
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,290.38
  • stader-ethxStader ETHx (ETHX) $ 4,551.13
  • bittorrentBitTorrent (BTT) $ 0.00000065
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,588.53
  • zcashZcash (ZEC) $ 38.84
  • jito-governance-tokenJito (JTO) $ 1.71
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,718.45
  • walrus-2Walrus (WAL) $ 0.431987
  • flowFlow (FLOW) $ 0.376784
  • build-onBUILDon (B) $ 0.578725
  • vision-3Vision (VSN) $ 0.178862
  • usual-usdUsual USD (USD0) $ 0.998524
  • swethSwell Ethereum (SWETH) $ 4,702.37
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 114,045.00
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.216549
  • global-dollarGlobal Dollar (USDG) $ 0.999510
  • decentralandDecentraland (MANA) $ 0.282849
  • bitcoin-svBitcoin SV (BSV) $ 26.42
  • starknetStarknet (STRK) $ 0.136488
  • ether-fiEther.fi (ETHFI) $ 1.11
  • beldexBeldex (BDX) $ 0.071789
  • dydx-chaindYdX (DYDX) $ 0.657997
  • based-brettBrett (BRETT) $ 0.051175
  • heliumHelium (HNT) $ 2.70
  • reserve-rights-tokenReserve Rights (RSR) $ 0.008500
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 112,804.00
  • true-usdTrueUSD (TUSD) $ 0.997266
  • frax-etherFrax Ether (FRXETH) $ 4,246.38
  • coredaoorgCore (CORE) $ 0.481604
  • apecoinApeCoin (APE) $ 0.607440
  • keetaKeeta (KTA) $ 1.19
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,278.53
  • usddUSDD (USDD) $ 0.999657
  • telcoinTelcoin (TEL) $ 0.005042
  • tripTrip (TRIP) $ 15.88
  • syrupMaple Finance (SYRUP) $ 0.416257
  • apenftAPENFT (NFT) $ 0.00000046
  • thorchainTHORChain (RUNE) $ 1.31
  • zksyncZKsync (ZK) $ 0.064170
  • arweaveArweave (AR) $ 7.00
  • instadappFluid (FLUID) $ 6.76
  • sun-tokenSun Token (SUN) $ 0.023265
  • neoNEO (NEO) $ 6.33
  • chain-2Onyxcoin (XCN) $ 0.012684
  • compound-governance-tokenCompound (COMP) $ 46.59
  • savings-daiSavings Dai (SDAI) $ 1.16
  • eigenlayerEigenCloud (prev. EigenLayer) (EIGEN) $ 1.36
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999804
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00

Ethereum Worth $40 Billion Could See Profits as ETH Holders Move to Accumulate

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Ethereum Worth $40 Billion Could See Profits as ETH Holders Move to Accumulate

Ethereum has faced notable volatility recently, with its price declining by 12% over the past week. This drawdown led to significant losses among investors.

However, the sentiment appears to be shifting as Ethereum holders have opted to accumulate assets instead of selling, suggesting renewed confidence in the cryptocurrency’s potential recovery.

Ethereum Investors Move to Accumulate

The balance of Ethereum on exchanges has decreased significantly this week, with a notable 12.5 million ETH decline. This shift reflects accumulation by investors who purchased approximately $815 million worth of Ethereum during the price dip. The rapid movement of ETH from exchanges to private wallets highlights optimism among holders looking to capitalize on the reduced price.

These accumulation patterns indicate a strategic approach by investors, aiming to leverage the current low prices for potential future gains. This activity demonstrates bullish sentiment, as Ethereum’s scarcity on exchanges could create upward pressure on the price in the coming days.

Ethereum Worth $40 Billion Could See Profits as ETH Holders Move to Accumulate

Ethereum Exchange Balance. Source: Glassnode

The broader macro momentum for Ethereum suggests the potential for recovery. According to the IOMAP (In/Out of the Money Around Price) data, bullish sentiment from recent accumulation could push Ethereum toward its next resistance level at $3,524.

Between the current price and this resistance, approximately 12.5 million ETH was acquired. As the price rises, this supply, worth $40 billion at the time of writing, will become profitable.

Ethereum Worth $40 Billion Could See Profits as ETH Holders Move to Accumulate

Ethereum IOMAP. Source: IntoTheBlock

If Ethereum successfully breaches the $3,524 resistance, it could establish a stronger bullish case. Profit-taking at this level is likely, but the renewed confidence could counterbalance selling pressure and pave the way for a more sustained rally.

ETH Price Prediction: $3,327 Resistance is Critical

Ethereum is currently trading at $3,264, following a 12% decline earlier this week. It remains under the immediate resistance of $3,327, a critical barrier that must be overcome for further upward momentum. This level is crucial in reversing the recent bearish trend.

Flipping $3,327 into support is key for Ethereum to target $3,524, the next significant resistance level. Sustaining a position above this could reignite the bullish momentum required for a recovery of the losses incurred over the past week.

Ethereum Worth $40 Billion Could See Profits as ETH Holders Move to Accumulate

Ethereum Price Analysis. Source: TradingView

However, failure to breach $3,327 could push Ethereum’s price lower. A drop to $3,028 would erase recent gains and also invalidate the bullish outlook, further dampening market sentiment and delaying the potential recovery.

Source

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