Ethereum

bullish

Record

<p>An Ethereum at 3,000 dollars is not traded in haste in such a nervous market. Crypto investors must contend with several opposing forces, sometimes invisible but always present. Now, Ethereum moves like a cornered boxer, forced to read every move before striking. And in this tight match, some are already accumulating while others are still hesitating to enter the arena.</p>
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  <h2 class="in-brief--title" id="in-brief">In brief</h2>
  <ul>
   <li>Ethereum whales’ activity jumped from 123 to 2,055 transactions in just three days.</li>
   <li>About 466,500 ETH joined accumulation addresses, indicating a strategic positioning by whales.</li>
   <li>The record leverage ratio makes Ethereum extremely vulnerable to liquidations and sharp shocks.</li>
   <li>The record leverage ratio makes Ethereum extremely vulnerable to liquidations and sharp shocks.</li>
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<h2 id="h-les-whales-ethereum-passent-a-l-attaque-et-secouent-le-marche">Ethereum whales go on the attack and shake the market</h2>
<p>First, the figures emerge like an alert in the crypto industry. The <a href="https://www.cointribune.com/en/ethereum-whales-are-profitable-again-a-historic-signal-for-the-market/" rel="noopener noreferrer nofollow">activity of Ethereum whales</a> exploded sharply in a few days. Then, it rose from 123 transactions to 2,055 between March 21 and March 24. Afterwards, calm quickly returns, with about 239 transactions observed thereafter.</p>
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 <p><em>The activity of whales on the Ethereum network recently saw a strong rise. Transactions increased from 123 on March 21 to 2,055 on March 24, marking an increase of over 1,500%. Since then, activity has cooled significantly, with whale transactions falling back around 239 today.</em></p><cite>Ali Martinez, crypto analyst.</cite>
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<p>Next, the flows confirm this tension. Around <a href="https://crypto.news/is-ethereum-ready-to-bounce-as-466k-eth-hits-whale-wallets/" rel="noopener noreferrer nofollow">466,500 ETH</a> joined accumulation addresses during the recent crypto market pullback. However, the price does not yet clearly follow this dynamic. The crypto market remains hesitant, almost wary.</p>
<p>Then, some technical indicators change tone. The SuperTrend turns bullish for the first time in several months. The MVRV enters a buy zone, which intrigues experienced crypto investors.</p>
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<h2 id="h-le-marche-crypto-sous-pression-un-terrain-instable-pret-a-ceder">The crypto market under pressure: an unstable ground ready to give way</h2>
<p>Then, the scene hardens sharply in the crypto market. Ethereum trades around 2,000 dollars, without clear impulsion. The problem is not only the price but the structure of the crypto market.</p>
<p>The leverage ratio now reaches 0.99495738, a historic high for Ethereum. This means speculation is almost equivalent to the reserves available on crypto exchanges.</p>
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 <p><em>When the leverage ratio reaches such high levels, the futures market structure becomes much more fragile. Under these conditions, even a slight price movement can trigger liquidation cascades, increase volatility, and accelerate violent moves in both directions</em>.</p><cite>Carmelo Alemán, on-chain analyst at CryptoQuant.</cite>
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<p>However, signals remain contradictory in the crypto sphere. Some whales aggressively accumulate Ethereum while others reduce their exposure. Dip-buying also shows signs of fatigue.</p>
<p>Ultimately, Ethereum still attracts crypto investors, but the ground remains unstable. A bad impulse could trigger a rapid chain reaction.</p>
<h2 id="h-ethereum-prepare-son-avenir-pendant-que-les-investisseurs-doutent">Ethereum prepares its future while investors doubt</h2>
<p>Then, Ethereum already looks beyond the current crypto market turbulences. The Post-Quantum Ethereum project is preparing <a href="https://www.cointribune.com/en/ethereum-accelerates-its-transition-to-quantum-resistance/" rel="noopener noreferrer nofollow">resistance against quantum computers</a> by 2029.</p>
<p>This approach relies on zk-SNARK signatures, capable of enhancing crypto wallets’ security. Then, this evolution targets key layers of the Ethereum network, notably consensus and execution.</p>
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<p>Meanwhile, activity is gradually returning to Ethereum L1 in the crypto industry. Stablecoins and tokenized assets are approaching historic highs. Coinbase highlights a clear structural advantage.</p>
<p>Ethereum benefits from better composability and higher execution density than L2 solutions. Yet, despite this comeback, the crypto market remains cautious.</p>
<h3 id="h-donnees-cles-a-surveiller-sur-ethereum">Key data to watch on Ethereum</h3>
<ul>
 <li>Whales’ activity multiplied by more than fifteen in a few days on Ethereum;</li>
 <li>Accumulation of 466,500 ETH during a recent crypto market pullback;</li>
 <li>Record leverage ratio at 0.99495738 indicating strong structural fragility;</li>
 <li><a href="https://www.cointribune.com/en/crypto-markets/ethereum-eth-en/" rel="noopener noreferrer nofollow">ETH price</a> estimated at 2,002 dollars at the time of writing;</li>
 <li>Return of activity and stablecoins towards Ethereum L1 confirmed.</li>
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<p>Therefore, Ethereum advances between immediate pressure and structural ambition in the crypto market. However, a discreet factor deserves attention. The scarcity of ETH is accelerating <a href="https://www.cointribune.com/en/staking-boom-reduces-available-ethereum-supply-across-markets/" rel="noopener noreferrer nofollow">under the effect of staking</a>, gradually reducing the available supply. If this dynamic persists, it could turn this uncertain phase into a real turning point for Ethereum.</p>

Ethereum attracts major investors despite an uncertain market

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