Ethereum Price at $2,400 Settles a Fight Between Smart Money and Whales
BeInCrypto
Ethereum's price near $2,355 shows a divide between bullish smart money indicators and cautious whale behavior, with $2,400 serving as the decisive level.Summary
Ethereum is currently trading around $2,355, caught between conflicting market signals. While the Smart Money Index suggests bullish sentiment within an ascending channel, data from whale holdings and derivatives indicates a more cautious or bearish outlook. The $2,400 level, corresponding to the 0.786 Fibonacci retracement, acts as a critical pivot point; a confirmed close above this mark would favor the bulls, while a rejection could validate the whales' recent reduction in exposure.
(Source：BeInCrypto)