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Justin Sun Buys Another $38M of Ethereum Amid Price Crash
A wallet linked to Justin Sun has purchased 16,236 Ethereum (ETH) worth $37 million at an average price of $2,279. Sun addressed rumors of his position liquidation, stating he rarely engages in leveraged trading strategies.
Ethereum Price Performance:
ETH is trading near $2,455, with a 13% decline in the last 24 hours. Its trading volume increased by 305%, indicating high participation from traders and investors.
Justin Sunâs Recent ETH Post:
Sun denied rumors about his $1.15 billion positions being liquidated, stating he rarely engages in leveraged trading.
Ethereum Technical Analysis:
ETH remains bullish despite recent price crashes, supported by an upward trendline since June 2022. However, if it falls below $2,150, it could face significant downside momentum.
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