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Ethereum holds $1,800 as whales buy $20M+ ETH, signaling strong market confidence and potential price rise.

Market News
12 Jul 2026
AMBCrypto
View Source
Bullish
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Ethereum has stabilized above $1,800 for three days, with major investors (whales) buying over 11,000 ETH worth $20.59 million. This accumulation, alongside negative exchange net flow and a low Exchange Supply Ratio, indicates increased scarcity and strong buyer control. Ethereum's Relative Strength Index staying above 50 supports the bullish momentum, suggesting potential to hold $1,800 and possibly reach $2,000 if it closes above the $1,778 moving average. Continued whale buying signals confidence in price recovery and future gains.

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