List of Flash News about Avalanche resistance
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2025-07-02 02:33 |
ETH Whale Accumulation Hits 2017 Levels Despite Price Dip; AVAX Surges 8% to Test Key Resistance
According to @EmberCN, despite Ether (ETH) falling to $2,555.77 after a rejection near $2,673, on-chain data from Glassnode reveals a historic level of accumulation by large holders. For nearly a week, daily net whale accumulation has surpassed 800,000 ETH, a scale of buying not seen since 2017. This aggressive accumulation by wallets holding 1,000 to 10,000 ETH has pushed their total holdings above 14.3 million ETH, suggesting strong conviction among major players who view the price dip as a buying opportunity. Meanwhile, Avalanche (AVAX) has surged 8.2% to $18.50. Technical analysis models indicate strong support for AVAX at $18.03 but also identify a significant short-term resistance zone between $18.47 and $18.50, which it must break through to continue its upward momentum. |