Hello everyone, this is Pipi. Recently, Ethereum (ETH) has been climbing all the way, attracting widespread attention. However, a mysterious "ETH whale" quietly transferred a large amount of ETH, which makes people wonder whether this large-scale transfer will have an impact on the rise of ETH?
Who is the "ETH whale"? Why did it make a large-scale ETH transfer at this time? This question has aroused people's interest. Some people think that this may be some kind of experiment or test conducted by blockchain technology companies to promote the development of blockchain technology. Let's take a look at what it is!
Ethereum (ETH) latest news:
Looking at the above picture, we can see that Ethereum (ETH) rose by +0.25% in 24 hours, with a 24-hour trading volume of 2.6077 million and a 24-hour trading amount of 33.414 billion.
what is the reason?
As Ethereum’s (ETH) recent recovery (up 12% in the last 7 days) has drawn attention, we are also keeping an eye on the behavior of Ethereum (ETH) whales who may be influencing this rally.
According to a post about an Ethereum (ETH) "whale" transferring 30,710 ETH, a cryptocurrency account named "EmberCN" pointed out that since September 20, an Ethereum (ETH) "whale" has withdrawn a total of 42,311 ETH from the cryptocurrency market Binance and has just transferred 30,710 ETH back to Binance.
This could be bad news as it means selling pressure will increase, which could cause Ethereum (ETH) to fall.
Also, "Wow, another busy ETH "whale" is churning in the market! 1inch fund just sold 4,685 stETH for $8.54 million, realizing a profit of $1.28 million."
It looks like these whales are having a lot of fun with Ethereum (ETH) and have been actively trading it since the beginning of the year. While the activity of these whales may have had an impact on Ethereum (ETH), it is currently still relatively stable around $1,770. The volatility of this market is always fun and surprising, isn’t it? "
In general, although the behavior of Ethereum (ETH) whales may affect the market, we cannot ignore other factors, such as technological developments, which may have an impact on Ethereum (ETH). So, let's continue to pay attention to the trend of Ethereum (ETH) and see how far it can go.
Well, that’s all for this issue. See you next time!
In the crypto industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle so that everyone can keep each other warm and maintain insight. If you are alone, looking around and finding no one, it is actually very difficult to persist in this industry. Thanks for watching~
