AltcoinWARNING: 50 Thousand Ethereum (ETH) Transferred to Exchanges!
WARNING: 50 Thousand Ethereum (ETH) Transferred to Exchanges!
Ethereum (ETH), the leading altcoin of the cryptocurrency industry, has been trading at $1,550 - $1,750 for a while. ETH, which still cannot make an upward or downward breakout, continues its accumulation process.
As of tonight, weekly closings will occur in crypto assets. Before the weekly close, ETH, like other crypto assets, may exhibit sharp movements.
Will Mobility Increase in Ethereum (ETH)?
According to the latest information provided by Kriptolik, a successful on-chain data analyst, large investors have started to make Ethereum transfers.
Large investors who transferred a total of 50 thousand ETH to derivative exchanges before the weekly closing frightened Ethereum investors.
In his post on the subject via his Kriptolik X (formerly known as Twitter) account, he included the following words:
“APPROXIMATELY 50 THOUSAND ETHEREUM (ETH) ENTERED THE DERIVATIVE EXCHANGES.
Such loaded ETHs are generally used as collateral for futures transactions. After these inflows to derivative exchanges, volatility generally increases. Stay away from high leverage transactions!”
Whales, who may open large long or short positions in Ethereum (ETH) ahead of the weekly close, appear to be influencing the price movements of the leading altcoin.
$ETH $BTC #BTC#technician
