Ethereum Reclaims $2,500 as It Checks the Very Same Support That Preceded 2020’s Rally

Whale accumulation reaches 4-month high as ETH exchange balances drop to 16.31 M.ETH holds above $2,400 with 66% long predisposition on Binance, signifying strong bullish sentiment. Ethereum is currently trading at $2,509.85 and is checking an important assistance level that formerly acted as a launchpad for a significant rally in 2020. According to several experts, ETH is when again approaching its 50-day moving average, and a hold at this level may activate renewed strength across the altcoin market. Ethereum Approaches Golden Cross In The Middle Of Accumulation According to an analysis prepared by Merlijn The Trader, Ethereum is checking its 50-day moving average, simply as it did before a major breakout in 2020. Experts think about $2,400 an essential level, as it aligns with major technical factors like volume points and moving averages.

Sam Boolman | Crypto Enthusiast and Writer

Sam Boolman is a contributing writer at ChainIntel.org with a long-standing interest in cryptocurrency, blockchain technology, and emerging financial trends. A self-directed trader who actively invests his own capital, Sam follows the markets closely and brings a hands-on perspective to the fast-paced world of crypto journalism. With a background in business and digital media, Sam has written across a variety of sectors including tech, startups, and online finance. His curiosity and enthusiasm for the evolving digital economy fuel his exploration of Web3, decentralised finance, and market developments. Sam is passionate about making complex topics more accessible to everyday readers and continues to expand his knowledge through research, trading experience, and industry engagement.

See Full Bio