Will Ethereum (ETH) Achieve New Records This Week Amidst Fascinating Whale Activity?

Lisette Lémieux
12 Dec 2023
Ethereum (ETH) gains 4% and hits $2,000 mark, while ScapesMania (MANIA) offers a new gaming ecosystem with DAO governance, highlighting the diverse nature of the crypto world.

The cryptocurrency market has been experiencing ups and downs, with Ethereum (ETH) making a solid 4% gain and reclaiming the $2,000 mark. This shift in the ETH market is keeping traders and crypto enthusiasts on the edge of their seats. Meanwhile, ScapesMania (MANIA) is a new player in the market, offering a gaming ecosystem with a twist and DAO governance that allows backers to have a say in a multi-billion-dollar industry. The diverse and evolving nature of the crypto world is highlighted by the innovative approach of MANIA and the market behavior of ETH.

Whales in the ETH market are quietly stocking up on ETH, with some making strategic moves to expand their holdings and bet on future price hikes. However, if these whales start selling in large numbers, it could lead to a market pullback. ETH is currently trading between a critical support level at $1,907 and a resistance level at $2,030, with a complex interplay of technical signals. If ETH manages to break past the resistance at $2,030, it could pave the way for testing $2,138. Conversely, if it breaks below the first support point of $1,907, it might seek lower grounds towards $1,868 and possibly even $1,826.

The Ethereum (ETH) value is in a high-stakes game, with the whales making interesting moves and everyone watching to see if they're right. It's like a game of chess, and everyone is waiting for the next big move. This article is for informational purposes only and does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

🚀 ToTheMoonScore