ETH Price Upholds Consolidation Above $1,600, Are Large Holders Buying?

ETH price, although rangebound between support at $1,600 and resistance at $1,700, shows signs of an upcoming trend reversal. An earlier attempt to steady the bullish outlook came to a sudden halt, with Ethereum retracing to confirm short-term support at $1,600. This uptrend coincided with a general bullish wave across the market that saw Bitcoin climb