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Ethereum (ETH) Price Momentum Weakens Despite Whale Confidence
Chart: ETH Price Analysis. Source: TradingView
ETH up 48.19% in 2024 but lags Bitcoin's 123% gain. ADX drops to 27 from 46, showing weakening momentum. Whale addresses holding 1,000+ ETH reached the highest level since September at 5,631.
💡 Quick Take: The increasing whale count is usually a good sign - historically, this led to price rises within weeks. The key level to watch is $3,523; breaking this could push ETH toward $4,100. Don't worry too much about the ADX drop - it's normal after such a strong run. Watch whale activity for early signals of the next move.
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