Ethereum Rebounds to $2,300, Whales Back in Profit
- Whales Back in Profit: Ethereum's (ETH) price rebounded to $2,300 over the weekend, marking a 20% increase from the local low of $1,940 on March 29, which has pushed wallets holding over 100,000 ETH back into profitability, indicating a resurgence of market confidence.
- Increase in Long-term Holders: Data shows that the total ETH held by long-term holders surged to a record 26.3 million in 2026, despite a 25% price decline during the same period, reflecting strong investor confidence in Ethereum's long-term potential.
- Technical Setup Points to $3,000: Ethereum has formed a rounded bottom chart pattern on the 12-hour chart, currently retesting the $2,140 support level, and if it breaks above the $2,400 neckline, it could target $2,940, representing a 32% upside potential.
- Resistance Zone Analysis: Despite the positive market sentiment, data indicates that approximately 7.6 million ETH are held at an average cost between $2,750 and $2,850, creating a potential resistance zone that may limit further upward momentum as many investors might sell at breakeven.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for X
Technical Sentiment Analysis for X Empire (X). As of , X Empire (X) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 1 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000935 | 0.0000105 | 0.0000114 | 0.0000126 | 0.0000135 | 0.0000146 | 0.0000156 |
| Fibonacci | 0.0000105 | 0.0000113 | 0.0000118 | 0.0000126 | 0.0000134 | 0.0000138 | 0.0000146 |
About X
About the author
