The post Ethereum is Poised to Hold $1800- Will ETH Price Break Above Resistance Line? appeared first on Coinpedia Fintech News
The crypto market has recently met a sharp collapse, creating panic selling among investors. The Securities and Exchange Commission (SEC) has recently filed lawsuits against two major cryptocurrency exchanges, Binance and Coinbase, leading to a significant downturn in the market. This bearish momentum has created a bloodbath in the crypto arena, with Ethereum (ETH) gaining attention. However, despite the negative news, the ETH price continues to show positive momentum, leaving investors on the edge of the next price level.
Ethereum’s On-Chain Data Provides Bullish Confidence
Ethereum whales, or large non-exchange holders, have been steadily acquiring more of the cryptocurrency this year, now owning an unprecedented 31.8 million ETH, valued at over $59.6 billion. This trend, noted by analytics firm santiment
santiment
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