This behavior of crypto whales often signals early confidence on the part of institutional actors, suggesting potential inversions to come. With an ETH token that is dangerously closer to $ 1,500, OP is also trading at critical levels. The next few days could be decisive if the accumulation of whales results in the renewal of a bullish momentum. Accumulation for Ethereum whales between April 5 and 6, crypto whales have accumulated ETH. The number of portfolios linked to Ethereum whales and holding between 1,000 and 10,000 ETH has gone from 5,340 to 5,388. This tells us that a discreet accumulation phase takes place while the market is in full correction. Monitoring these major holders is crucial, as their behavior often precedes major market movements. E, effect, when whales accumulate, this may indicate growing confidence in the long -term value of the asset and suggest a potential reversal of the dominant trend. Number of addresses holding between 1,000 and 10,000 ETH. Source: Santiment. If the current downward trend continues on the side of Ethereum, the course of the token could fall below $ 1,400 for the first time since January 2023, opening the door to deeper losses. However, the recent increase in whale activity suggests a certain optimism in the sub-surface. Despite everything, the momentum will have to change and the token can take up the $ 1,748 in order to be able to go back to the $ 1,938. If the rally resumes enough momentum, it could even retest the psychological threshold of $ 2,000. It would be a success that would do good to the bullish, in recent success. Optimism ready to leave? The number of optimism whale portfolios, investors holding between 10,000 and 1,000,000 OPs increased from 4,138 on April 4 to 4,151 on April 6. This also suggests that major holders accumulate despite the persistent correction of the financial markets. This increase in whale activity can indicate long -term confidence in the project. However, with the persistent difficulties of the Crypto market, it will be difficult to end the selling pressure. During the period of uncertainty like this, such accumulation can be an early sign of a potential inversion of the price, because institutional or strong net heritage investors generally act according to the feeling of particular investors. Indeed, they tend to accumulate when individuals sell. Number of addresses holding between 10,000 and 1,000,000 op. Source: Santiment. While it is negotiated at its lowest levels over almost three years, OP faces considerable lower pressure. If the correction persists, the part could fall below its level of support located at $ 0.50. However, if the recent accumulation of whales reflects a change of momentum, OP could bounce back to test the resistance to $ 0.65. A breakthrough at this level could open the way around $ 0.77 and, in the event of an even more significant recovery, to have the following price for $ 0.84. Morality of history: Crypto whales never stop recharging. Notice of non-responsibility Non-responsibility notice: In accordance with the guidelines of The Trust Project, this article of price analysis is only intended for information purposes and should not be considered as financial or investment advice. Beincrypto undertakes to provide exact and impartial information, but market conditions may change without notice. Always carry out your own research and consult a professional before making any financial decision.
