$1.8 Billion Ethereum Buying Could Undo 9% Price Correction This Week
Ethereum (ETH) is trading at $2,135, 9% below its March peak, as a post-rally distribution phase plays out on the daily chart. Two on-chain signals point in opposite directions — whale wallets were selling into the peak, but a sharp exchange supply withdrawal now suggests buyers are stepping in at current levels. Ethereum Whale Wallets Distributed Into the March Rally Peak Santiment data tracking wallets holding between 100,000 and 1,000,000 ETH shows large holders increased their balances steadily through mid-March as the price climbed toward $2,370. That buying helped power the 21
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