ETH holds $2,243 as whale buying slows; RSI/MACD turn bullish
Ethereum (ETH) is holding around $2,243 after a 2.5% daily gain, with buying momentum returning but whale ETH accumulation appearing to slow. The later update (CryptoQuant/CW cited) points to capital inflows and reduced sell pressure, supported by ecosystem growth.
Since the February selloff, ETH has been range-bound near $2,150–$2,300, with the latest daily close around $2,243.7. Technically, RSI has risen above 60 (about 60.05) and MACD flipped positive, suggesting ETH is shifting from oversold conditions toward renewed bullish momentum.
Traders still watch resistance at $2,250–$2,300. A sustained break above this zone could extend the rebound; failure may trigger renewed selling. On-chain, the “end of whale accumulation” narrative adds uncertainty, since transitions from accumulation to distribution can lead to choppier price action even when ETH momentum improves.
Neutral
Short term, the news is mildly supportive for ETH: RSI > 60 and MACD turning positive suggest improving momentum, while reduced sell pressure and inflows can help sustain the rebound attempt. However, the market is still capped by the $2,250–$2,300 resistance band, so confirmation is not yet there.
The newer angle—whale ETH accumulation slowing—can offset the technical optimism. A shift from accumulation to distribution often increases uncertainty and can lead to higher volatility or failed breakouts. Long term, if broader participants step in after whale buying cools, ETH could still transition into a stronger uptrend; but until ETH clears resistance and holds, risk management should assume a range-to-choppy regime rather than a clean trend.