Ethereum

Rally

bullish

Propel

Neiro Ethereum

<ul class="wp-block-list">
 <li><strong>NEIRO whale activity has surged, with notable purchases.</strong></li>
 <li><strong>Wintermute holds 5.3% of the total supply, adding to market stability.</strong></li>
</ul>
<p>Neiro Ethereum ($NEIRO) is currently in an accumulation phase, with significant whale activity noted over the past week. According to <a href="https://x.com/spotonchain/status/1839596800031998301" target="_blank" rel="noopener noreferrer nofollow">on-chain</a> data, several key whales have increased their holdings, adding to the growing momentum behind the asset. Whale 0x6ab, for example, accumulated 17.7 million NEIRO at an average price of $0.086. This buying spree indicates potential bullish sentiment, especially with $NEIRO now priced at $0.0915, reflecting a 2.12% gain in the last 24 hours.</p>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img decoding="async" width="1024" height="494" src="https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-175910-1024x494.png" alt="" class="wp-image-109245" srcset="https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-175910-1024x494.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-175910-300x145.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-175910-768x370.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/09/Screenshot-2024-09-27-175910.png 1265w" sizes="(max-width: 1024px) 100vw, 1024px">
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   (Source: <a href="https://app.santiment.net/charts/wJ870qQe__sCl" rel="noopener noreferrer nofollow">Santiment</a>)
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<p>Trading volume, however, shows mixed signals. Over the last <a href="https://coinmarketcap.com/currencies/neiro-eth/" target="_blank" rel="noopener noreferrer nofollow">24 hours</a>, the volume fell by 2.96%, reaching $28.37 million, which translates to a 30.75% volume-to-market cap ratio. This drop in volume contrasts with the rising market cap of $92.27 million. Despite this, the consistent whale purchases suggest a strategic build-up, possibly in anticipation of a larger market move.</p>
<h3 class="wp-block-heading" id="h-could-whale-activity-and-neutral-rsi-propel-neiro-higher">Could Whale Activity and Neutral RSI Propel $NEIRO Higher?</h3>
<p>One interesting aspect of $NEIRO’s performance is the involvement of well-known entities like Wintermute. As a major market maker, Wintermute holds 52.97 million NEIRO tokens, about 5.3% of the total supply. This large stake, coupled with the actions of other whales, may have a stabilizing effect on the asset’s<a href="https://thenewscrypto.com/will-ethereum-eth-price-current-positive-momentum-hit-3k/" target="_blank" rel="noopener noreferrer nofollow"> price</a> in the near term.</p>
<p>Looking at the technical indicators, $NEIRO’s price movements in the last 7 days suggest some volatility, with highs reaching $0.098 and lows close to $0.086. The Relative Strength Index (RSI) is trending toward neutral, suggesting the asset is neither overbought nor oversold. This neutral zone leaves room for upward movement if buying pressure continues.</p>
<p>As <a href="https://thenewscrypto.com/will-binance-founder-czs-early-release-propel-the-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">Binance </a>considers new listings, the potential for $NEIRO to be added to their spot market grows. With an expanding decentralized base and increasing market cap, $NEIRO is positioned for broader visibility. Whether this accumulation phase will lead to a price breakout depends on sustained buying interest and rising trading volume.<br><br><strong>Highlighted Crypto News Today<br></strong><a href="https://thenewscrypto.com/dogecoin-doge-climbs-to-0-12-as-bulls-seek-a-continued-rally/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin (DOGE) Climbs to $0.12 as Bulls Seek a Continued Rally</a></p>

Can Neiro Ethereum (NEIRO) Capitalize on Recent Whale Activity?

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