Ether analysts see ‘upward breakout’ as ETH price returns to $3K
Ether rebounded 16% to reclaim $3,000 as whales accumulate heavily, exchange supply hits nine-year lows and network activity surges.
Ether’s (ETH) price reclaimed the $3,000 level on Monday, a 16% rebound from the $2,620 multimonth low reached on Nov. 21. Market analysts pointed to key data metrics that suggest that ETH is “building up for breakout” to higher highs.
Key takeaways:
Ether whales accumulated aggressively over the last six months.
