Ethereum's price fell to $3,884, marking a 4.73% drop in the last 24 hours and a 13.37% decline over the past month. Despite this downturn, significant whale activity and increased fund inflows indicate potential for recovery. On-chain data reveals accumulation trends, with large holders buying near key levels. Investment products tracking Ethereum saw $205 million in net inflows last week, contributing to a year-to-date total of $14.2 billion. The Ethereum DeFi ecosystem remains robust, with $86 billion in total value locked and stablecoins on the network valued at $163 billion, according to DeFiLlama. Technical indicators, such as a tightening Bollinger Band and a potential 'W' bottom pattern, suggest a possible price rebound if Ethereum surpasses the $4,000 mark. Analysts emphasize that continued inflows, whale activity, and strong network usage are crucial for confirming a bullish trend.
Ethereum Price Declines, But Whale Activity and Fund Inflows Suggest Recovery
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