New Opportunity for Ethereum: Pay Attention to the $3,000-$3,400 Range

Ethereum (ETH) spot transactions are showing a resurgence in institutional entries and signaling that current price levels could provide a foundation for a further rally. Recent data indicates a notable change in the average size of Ethereum spot orders. CryptoQuant analysts point out that these movements indicate that large investors prefer to re-establish positions after recent market fluctuations.

While the price of Ethereum has declined to $3,200, it has been observed that whales are heavily buying, and green clusters have formed. Historically, such buying actions are known to typically signify local bottom areas and the beginning of accumulation phases. CryptoQuant analysts note that smaller investors are still adopting a cautious attitude, but larger players are now entering at lower prices.

According to CryptoQuant analysts, the $3,000-$3,400 range stands out as a critical support level. If the current behavior continues and the structural support in this range is maintained, Ethereum could enter an accumulation zone with low volatility. This may represent a period of compression before a possible next wave of rally. Analysts remind that similar transitions have generally been observed just before significant rallies in previous cycles, evaluating this situation as an important signal for investors.

If Ethereum manages to hold at these critical levels, it is anticipated that the price could regain momentum towards the $4,500-$4,800 band. Investors should carefully monitor these levels, as they may offer potential opportunities and help develop a more robust understanding of market dynamics.