Ethereum

The recent accumulation of Ethereum is grabbing everyone’s attention, as 1.38 million addresses have purchased $3.9 billion worth of Ethereum. On February 23, 2024, according to on-chain analytics firm Intotheblock, both whales and investors acquired over 1.3 million Ethereum at an average price of $2,984 amid the potential approval of a spot Ethereum ETF.&nbsp; Will the Ethereum price fall? 
However, this level is crucial for retailers, as the buying average of this significant Ethereum is $2,984. In the coming days, if the price of Ethereum crosses the $3,050 level, we may see a sell-off and a price drop.
Data from
Apart from this massive accumulation, a few Ethereum whales have already dumped nearly 29,500 Ethereum worth over $100 million into different DEX, including Binance and Kraken. The $2,984 or $3,000 level of Ethereum might be a make-or-break situation. According to the chart, $3,050 is a crucial level, acting as a resistance level in the past few days. Whenever the Ethereum price reaches this level, it experiences selling pressure. Ethereum technical analysis and upcoming levels 
According to expert technical analysis, Ethereum on a daily time frame is consolidating and facing resistance near the $3,033 level, which is crucial for both traders and investors. Some are looking at this level to sell their holdings, while others are waiting to buy above this level. In the long run, Ethereum is bullish, and traders may take advantage of this breakout, as Ethereum may hit $3,600 shortly after the breakout.
Additionally, it was observed that at the current price, Ethereum whales are continuously accumulating, as reported by Todayq News. Long-term investors, amid the potential approval of an Ethereum ETF, view the current Ethereum price as an opportunity to accumulate, as they significantly increase their holdings. Meanwhile, the well-known <a href="https://news.todayq.com/justin-sun-might-be-behind-154m-ethereum-move-report/" rel="noopener noreferrer nofollow">Justin Sun</a> is seen accumulating Ethereum.
Currently, Ethereum is trading near $2,960, and in the last 24 hours, it has experienced a 0.5% upside momentum. Looking at Ethereum over an extended period, in the last 7 days, the price has soared by over 4%, whereas in the last 30 days, Ethereum has experienced over 26% upside momentum.
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Ethereum stands at make or break point, Will it cross $3,100?

Todayq News

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