The cryptocurrency analyst IT Tech has analyzed the current market conditions of Ethereum and highlighted key trends in whale activity and price movements. They observed that Ethereum's trading volume remains lower compared to previous bull cycles, indicating that the market is being driven more by retail investors than institutional-scale transactions. While there have been some increases in whale activity, it is not at levels that typically precede a major rally or sell-off. However, sudden increases in whale transactions can indicate impending price changes. to achieve a move towards $3,500 and beyond, Ethereum would require rising trading volume as confirmation. Without this, Ethereum could consolidate or experience a pullback. IT Tech warns that if whale activity increases during price weakness, it could signal a correction towards the $2,800-$2,500 range. It is important to note that this analysis does not serve as investment advice.



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