🟡According to crypto analyst Ali, Ethereum (ETH) is demonstrating strength in the volatile cryptocurrency market. Large investors acquired over 240,000 ETH during the price drop. This purchase shows solid confidence in the long-term value of Ethereum.
🟡The recent price correction turned out to be less severe than expected. Ethereum is holding steady and bouncing off its 12-hour 200-period moving average (MA). Local support has been established around $3450. If the consolidation continues above this level, a move towards $3660 is likely in the coming days.