Ethereum whale watch: Does THIS movement indicate a market sell-off?

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 66 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 30%
  • Publisher: 68%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

Whale transfers $154M in ETH to exchanges amid market volatility, fueling speculation of a potential sell-off as investor confidence rises.

Among these, a whale, who initially acquired 1 million ETH during the Ethereum ICO at a price of $0.31, has drawn attention.This transaction followed a series of large deposits over the past month, totaling 48,500 ETH, worth around $154 million, at an average price of $3,176.

The whale’s continuous transfer of large amounts of ETH to exchanges has sparked discussions about a potential sell-off.This movement added to the speculation that large holders may be preparing to offload their assets, especially in a market environment that has seen volatility in recent days.at press time, reflecting a 3.32% decline in the last 24 hours but an 11.74% increase over the past week.The Relative Strength Index was 38.

The MACD line was slightly below the signal line, with the histogram showing smaller red bars, suggesting a potential bullish crossover.Active addresses within this period reached 299,749, with 64,793 new addresses and 1 million transactions, indicating ongoing robust network activity.by AMBCrypto pointed to a neutral sentiment in the Ethereum market, with the Fear and Greed Index logging a score of 38, up from extreme fear levels a week ago.

This shift in sentiment suggested growing investor confidence, which may support ETH in testing and potentially breaking the $2,800 resistance level.Olivia Stephanie is a FinTech enthusiast with a keen understanding of financial markets. Her passion for economics and finance has led her to explore emerging blockchain technology and cryptocurrency markets.Subscribe to get it daily in your inbox.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 22. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Dogecoin market watch: Is a rally possible amidst whale selling?Dogecoin still has a bullish stance, but the buyers' hopes might be dashed by the harsh reality of scant demand and a BTC downturn.
Bron: CryptoAmb - 🏆 22. / 68 Lees verder »