Ether price holds above a crucial support level where whales are accumulating more.
Ether’s (ETH) price is trading 15% below the multi-year high of $4,091, reached on March 21. The second-largest cryptocurrency by market capitalization has been on a downtrend, losing 7.5% of its value over the last seven days.
Despite this performance, analysts believe that Ether still remains one of the altcoins displaying the most upside potential at the moment.
“I’m betting on the ETH ecosystem, and it holds a crucial support level,” MN Capital founder Michael van de Poppe wrote in a June 14 post on the X social media network.
