About 60,000 ETH, worth $200 million, were transferred to exchanges in the past 24 hours, bringing Ethereum’s price closer to the “whale realized price” and increasing the supply available for spot trading.
Ethereum trades near $3,247 while exchange supply reaches 1.22 million ETH after a modest rebound from lower levels. Ethereum-linked treasuries, including BitMine, SharpLink, and Dynamix, showed recoveries that could support future ETH purchases. The latest convergence of the price with the “whale realized price” marks the fourth occurrence since 2020 and has historically coincided with strong market recoveries.
The combination of these factors suggests that Ethereum is at a key support level, signaling potential new buying opportunities in the spot market
Source: https://x.com/alicharts/status/1999449655256797607
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