CandleFocus Ethereum Bulls Pull $780 Million ETH Off Exchanges, Eyeing $3,600 Breakout
2024-11-17
Author: Content Editor
According to on-chain data, Ethereum (ETH) bulls are optimistic about a potential rally despite the recent price decline. The current total Ethereum exchange inflow suggests that holders are not selling, which may prevent the cryptocurrency from dropping below $3,000 in the short term. Additionally, the Bulls and Bears indicator shows that more participants are buying ETH, indicating a potential price increase. The In/Out of Money Around Price (IOMAP) indicator also suggests strong support at $3,075, with a cluster of addresses holding ETH at that level. This support could push the price towards $3,600, although if selling pressure intensifies, ETH's value could fall below $3,000.
Related News
Why is Stellar (XLM) Price up? Crypto Whale Diversifies its Portfolio by Adding $RIF and $URO, Nets $1.5M in 3 Days XRP Soars to 3-Year Peak: Is $1.96 Within Reach This Week? Ethereum Bulls Pull $780 Million ETH Off Exchanges, Eyeing $3,600 Breakout XRP price retreats 20% after hitting a multiyear high — Is the top in? EOS Eyes $1 as Breakout Ignites Bullish Momentum After Multi-Year Downtrend XRP Flips Dogecoin After Epic Rally Past $1 NEAR Seeks Breakthrough at $6.406 to Potentially Reach $8.5 Amid Bullish Indicators Ripple Should Start Preparing for IPO 'as Soon as Possible,' SBI CEO Says The ‘Infinite Money Glitch’: MicroStrategy’s Bitcoin Strategy Under Scrutiny Ethereum Classic (ETC) May Be Gaining Bullish Momentum Following Support Level Bounce Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation CoinEasy Launches EASYWORLD Telegram dApp, A New Era of Blockchain Rewards VanEck expands crypto portfolio with Sui-based Exchange-Traded Note in Europe Price Targets Set for SOL, SNX, and NEIRO Ethereum Layer2 TVL Surges to $43.9B with Impressive 3.76% Growth Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30? Stellar (XLM) Shoots Up by 33% Daily, Bitcoin (BTC) Maintains $90K (Market Watch) XRP Still Down 69% After Recent Gains Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions Solana About To Target $250 If It Breaks Key Supply Level – Analyst ‘DOGE’ could increase economic freedom in US — Coinbase CEO 'More brutal than I expected' — Lyn Alden on ETH/BTC post-election low BONK Jumps 16% to Record Highs as Traders Eye Even More Gains Ahead A $9.7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators Scammer Takes Away $341k in $FET in Latest Phishing Attack Renowned Investor Jim Rogers Warns 'America First' Policy Will Trigger 'Biggest Recession Ever' AI Firm Genius Group Adopts Bitcoin as Primary Treasury Reserve Asset Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high Why Ethereum’s Whale Activity and Institutional Interest Point Toward a $4,000 Finish Sologenic Top Crypto Gainers for November 16, 2024 Bitcoin ETF outflows slow down, $100k BTC still in sight Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst This Altcoin Will Take Solana’s Throne as the Third Largest Cryptocurrency, Analyst Claims Tether Mints 8B USDT in 8 days, Backing Bitcoin’s Surge Crypto enforcement to take a back seat under Trump as immigration becomes priority PEPE Price Gains 117%, Sets All-Time High at $0.000025 Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump Cronos (CRO) Faces Key Resistance, Potential Correction Ahead Meme Coin Market Cap Touches All-Time High with a Revival in the Retail Interest Analyst Predicts 45% Dogecoin Rally With Bull Flag Pattern Signal Litecoin (LTC) Price Soars 15% On Meme Coin Announcement Altcoin Season Index at 35: What Does it Means for the Crypto Market?