In the midst of the continuous price fall in Ethereum (ETH), whales and holders have taken the opportunity to buy the dip in the long term. On March 21, 2025, the on-chain analysis company Santiment reported that during the current price decrease, Crypto enthusiasts have considerably collected ETH tokens, so that only 8.97 million ETH is left at fairs, indicating a bullish trend.
Ethereum -Reserves fall to 8.97 million
This enormous decrease in exchange reserves has taken place for the first time in the last 10 years, with the last copy reported in November 2015. However, the current reserve is 16.4% lower than seven weeks ago, indicating potential accumulation by whales and holders in the long term.
Experts see these statistics such as bullish drawing while prices continue to fall, together with ETH exchange reserves. In addition to this significant decrease in the reserves of 16.4%, asset prices also fell during the same period, which investors have entered into as a purchase option.
Current price momentum
Ether is currently being traded in the vicinity of $ 1,960 and registers a price decrease of 0.50% in the last 24 hours. In the same period, trade volume fell by 40%, indicating a lower participation of traders and investors, possibly as a result of market insecurity.
Ethereum (ETH) Price promotion and upcoming levels
Despite the Bearish market sentiment and reduced participation of investors and traders, the current level of ETH Bullish appears. The lack of a meeting is not only due to a negative sentiment.
According to the technical analysis of experts, ETH Bullish remains, after he has recently been broken from a long -term consolidation phase that lasted more than a week. After the recent fall in price, it seems to have successfully tested that zone successfully, and the price now seems to go up.
Based on recent price action and historical patterns, if Ether applies above the level of $ 1,950, there is a strong possibility that it can rise by 12% to reach $ 2,200 in the coming days.
At the time of the press, it actively acts well below the 200 exponential advancing average (EMA) on the daily period, which indicates a potential price rebound.