CandleFocus

ETH Price Analysis: Whales Are Buying the Dip – Is $4,000 Next?

Ethereum (ETH) could potentially see a price surge, as whales have been accumulating the cryptocurrency during a recent dip. Analysts predict that ETH could reach $4,000 in the short term and even achieve a new all-time high by March. Despite positive inflows for ETH ETFs, the cryptocurrency has dropped 2.93% in the past 24 hours and currently trades at $3,240.88. Technical indicators suggest that while bulls are in control, there is consolidation between $2,900 and $3,300. However, there is a possibility of a bullish divergence that could push ETH to $4,000 in the near future. The article is for informational purposes only and does not constitute financial advice.

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