Ethereum Price Prediction: Resistance at $2400 Amid $32M Liquidations
Meanwhile, the whale congestion has given a bullish overture. According to crypto analyst Ali Martinez, Ethereum whales have been on a buying spree, amassing over 140,000 ETH in the last four days. This stash is worth about $322 million. Such massive accumulation often indicates confidence among large holders. Moreover, as the Ethereum price prediction outlook gains attraction, its important to note that Ether ETFs recorded a resurgence in inflows Per Farside Investors data, Ethereum ETFs reported a total net inflow of 101.2 million on May 1. This influx reversed massive outflows earlier in the week. BlackRocks ETHA snapped up $43.2 million in inflows, with Fidelity FETH following the lead with a $49.4 million influx. Meanwhile, other Ethereum ETFs received little or no flow. Ethereum Price Prediction: Analysts Flash Major Resistance Zones Technically, the chart posted by analyst Ted Pillows spotlights a lengthy period of consolidation. Ethereum price remains below a strong resistance band around $2,400, while it maintains support between $2,150 and $ 2,200. Ethereum Price Analysis | Source: Ted Pillows, X In his Ethereum price prediction, he said, “ETH is still going sideways. Until the $2,400 level is reclaimed, Ethereum will continue to show weakness.” He further warned, “If the $2,150-$2,200 support zone is lost, ETH could