Ethereum has fallen to $1,180 today. Support around $1,200 didn’t work as unprofitable addresses began to sell the cryptocurrency.
IntoTheBlock analysts believe that at around $1,000 Ethereum will be able to count on the support of most investors, as they are not interested in the coin falling below this psychological mark. The team of analysis company Santiment has again recorded increased activity of the largest ETH addresses.
Whales usually go hunting at the moment when the cryptocurrency is at the bottom. Wallets with balances between 100 and 100,000 ETH continue to buy Ether for several weeks. The accumulative strategy of whales and sharks suggests the altcoin has found the bottom.