ETH: OTC Accumulation Reaches $71M
ETH OTC purchases hit $71M over two weeks as 37,000 ETH acquired, with price at $1906.1 showing bullish MACD on 4h chart.
SourceAnalysis
ETH accumulation accelerated through OTC desks as one buyer took another 10,000 ETH worth $19.1M today after adding 27,000 ETH valued at $52.03M two weeks earlier.
Total outlay reached roughly $71M in the fortnight, pointing to sustained institutional demand that has shaped Ethereum technical analysis and OTC Ethereum purchases patterns over the past six months.
Price sits at $1906.1 inside the Bollinger band with upper resistance at $1913.64 while the MACD golden cross at 7.2 and EMA50 support at $1881.2 keep the structure bullish; RSI at 59.8 leaves room for a measured retracement to that EMA50 level before the next leg higher in any ETH price prediction scenario.
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