Why Ethereum may touch sub-$3000 levels amid delay in the Merge upgrade - BitcoinEthereumNews.com
ETH Perpetual Futures | Pinagmulan: Tradingview Supporting the short-term correction of the Ethereum price is the supply distribution chart based on the number of addresses. The whales holding between 100,000 to 1 million ETH have been on a downtrend since August 2021. These holders numbers have dropped from 154 to 140 over the last eight months. This decline indicates that the investors are unsure about the performance of ETH in the near future. Furthermore, market participants need to exercise caution as a breakdown of the $2,952 support level could trigger a crash to $2,500. Pamamahagi ng Supply | Pinagmulan: Santiment A daily candlestick close below $2,500 will trigger a crash to $1,730, where buyers can accumulate ETH at massive discount, triggering another run-up.