bitcoin Continuing sideways movements above $21,000 Ethereum yesterday it showed an increase of 15% alone.
Ethereum‘Fame bitcoinpositive separation from altcoinWhile it excites the investors waiting in altcoinWe see that the mobility in the region is limited for now.
We see that Ethereum has increased by 54% after June. While the positive divergence of Ethereum came to our mix as promising data for other altcoins, a share came from the data analysis company Santiment.
After Santiment stated that Ethereum recovered quite well in July The increasing trend in the number of addresses holding 1000 ETH and 100,000 ETH drew attention.
🐳 #Ethereum has recovered quite well in July, up +29% for the month and +14% alone in the past 24 hours. Additionally, there’s an increase in the key 1k to 100k $ETH address tier since early May where 131 new whale addresses have popped up on the network. https://t.co/uGfRQ4dEls pic.twitter.com/ri8MhGIP0o
— Santiment (@santimentfeed) July 17, 2022
According to the chart, ETH whales continued to accumulate ETH from $1800 and the ETH network gained 131 new whales.
Technically speaking, we see that there is a significant upside break in Ethereum. The $1240 level must be maintained so that the breakout does not remain as fake-out.
Ethereum When we look at the region where it is now, we see that ETH, which is above its 20-day average, is at and above the 50-day average resistance.
Accordingly, the rises that may come up to $ 1722 in closings above $ 1342 will not surprise us. $1722 is also in the mix as an ascending triangle target.
Short-term investors can follow the $1342 level as support.
ETH Resistors: 1419$ – 1581$ – 1722$
ETH Supports: 1342$- 1277$- 1237$
*Not Investment Advice.