{"id":833888,"date":"2025-03-14T08:12:27","date_gmt":"2025-03-14T13:12:27","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/14\/ethereum-buy-signal-investors-accumulate-1-63-million-eth\/"},"modified":"2025-03-14T08:12:27","modified_gmt":"2025-03-14T13:12:27","slug":"ethereum-buy-signal-investors-accumulate-1-63-million-eth","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/03\/14\/ethereum-buy-signal-investors-accumulate-1-63-million-eth\/","title":{"rendered":"Ethereum Buy Signal? Investors Accumulate 1.63 Million ETH"},"content":{"rendered":"
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In the past few days, the overall cryptocurrency market has experienced a notable price decline. Amid this, Ethereum (ETH), the world\u2019s second-largest cryptocurrency by market cap, has reached a crucial level near $1,800 for the first time since 2023. However, investors and long-term holders view this level as an ideal buying opportunity.<\/p>\n

Key Level for Ethereum (ETH)<\/strong><\/h2>\n

Today, March 13, 2025, a prominent crypto expert shared a post on X (formerly Twitter), stating that the key level for Ethereum is $1,887, where whales and investors have accumulated 1.63 million ETH tokens. This post is gaining massive attention from crypto enthusiasts and raising concerns about whether it is a bullish sign for investors or an ideal buying opportunity.<\/p>\n

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Ethereum (ETH) Technical Analysis and Upcoming Levels<\/strong><\/h2>\n

According to expert technical analysis, ETH is near a crucial support level of $1,800. However, if the asset fails to hold this level, a massive price decline may occur in the coming days.<\/p>\n

Based on recent price action and historical patterns, if the asset remains above the $1,800 level, it could soar by 20% to reach $2,200 in the coming days. On the other hand, if ETH falls and closes a daily candle below $1,780, it could drop by over 16% to reach $1,500.<\/p>\n

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Source: Trading View<\/figcaption><\/figure>\n

As of now, ETH\u2019s Relative Strength Index (RSI) is near the oversold area, indicating low strength in the asset and suggesting that the price may fall in the coming days.<\/p>\n

Current Price Momentum\u00a0<\/strong><\/h3>\n

At press time, ETH is trading near $1,840, having registered a price drop of over 2.5% in the past 24 hours. However, during the same period, its trading volume dropped by 30%, indicating lower participation from traders and investors compared to previous days.<\/p>\n

Traders Over-Leveraged Levels\u00a0<\/strong><\/h2>\n

Looking at the price drop, intraday traders seem to have a bearish outlook, as reported by the on-chain analytics firm Coinglass<\/a>.<\/p>\n

Data shows that traders are over-leveraged at $1,795, currently holding $285 million worth of long positions. Meanwhile, another over-leveraged level is at $1,920, where traders hold $650 million worth of short positions.<\/p>\n

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Source: Coinglass<\/figcaption><\/figure>\n

This on-chain metric partially confirms that traders are currently bearish on ETH and believe the price won\u2019t rise above the $1,920 level.<\/p>\n<\/div>\n

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\n Chandan Gupta<\/p>\n","protected":false},"excerpt":{"rendered":"

In the past few days, the overall cryptocurrency market has experienced a notable price decline. Amid this, Ethereum (ETH), the world\u2019s second-largest cryptocurrency by market cap, has reached a crucial level near $1,800 for the first time since 2023. However, investors and long-term holders view this level as an ideal buying opportunity. Key Level for<\/p>\n","protected":false},"author":1,"featured_media":833889,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25740,2082],"tags":[],"class_list":["post-833888","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","category-signal"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/833888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=833888"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/833888\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/833889"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=833888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=833888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=833888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}