Last day эфириум trading at $2545, down about 7% from its monthly high.
However, there are signs that major investors are expecting a recovery in the leading altcoin in the coming months. Blockchain data shows that the amount of ETH held by “crypto whales” has been steadily increasing. These addresses now hold 103,5 million ETH, up from 102 million on March 1.
Other data shows that the blockchain ecosystem Ethereum is thriving: Total value locked has grown 26% in the last 30 days to over $132 billion. Total value locked in cross-bridge contracts has grown to over $408 billion, far higher than other popular networks combined.
В Ethereum-ETF There has also been an influx of funds. SoSoValue data shows that inflows have totaled $2,76 billion over the past six days.
The daily chart shows that эфириум has risen from an April low of $1382 to its current price of $2547. Altcoin formed a bullish flag pattern consisting of a strong vertical advance followed by a period of consolidation.
Now эфириум is trading between the 38,2% and 50% Fibonacci retracement levels. A “golden cross,” a bullish signal, may appear soon as the 50-day and 200-day weighted moving averages approach the intersection.
If эфириум breaks the 50% Fibonacci retracement level at $2730, confirming the bullish breakout. In that case, the next major target would be $3000, which is 18% above current levels.
