Crypto De Nostradame
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Panic selling by whales: Altcoins may hit the bottom!
Ethereum ($ETH ), which has fallen below $ 3200, surprised with successive whale sales.
The Ethereum price has lost more than 13 percent in the last 24 hours and fallen below $ 3,200. The decline in question was triggered by large-scale sales by #ETH whales and the Ethereum Foundation. With the breakdown of the $ 3,500 support, there were large liquidations in long positions. Analysts predict that the next support level will be around $ 2,800.
During the general collapse in the crypto market, Ethereum whales created a negative atmosphere on the parity by selling in large amounts. Onchain analysis platform Lookonchain reported that a whale deposited 22,746 ETH ($ 77.7 million) of Ethereum into Binance and withdrew the stablecoin to pay off his debts.
Over the past two days, the same whale has deposited a total of 31,968 ETH ($122.3 million) to Binance. Another whale transferred 49,910 #ETH ($170 million) to Binance in the past eight hours and then withdrew 137.8 million worth of the stablecoin.
These sales caused a sharp drop in the Ethereum price, creating huge selling pressure on the pair. Ethereum, which has been on a downward trend since $4,000, lost 17.5 in value in a short time.
The Ethereum Foundation continues to make strategic sales during periods when the ETH price reaches peak levels. Two days ago, when the Ethereum price was $4,000, the Foundation sold 100 more ETH from its holdings.
According to Arkham Intelligence data, the Ethereum Foundation has sold a total of 4,466 ETH ($12.6 million) in the past year. 15 of these transactions were made at levels close to the market peak. The sales in question show that the #Ethereum Foundation is evaluating price peaks strategically.
Ethereum ($ETH ), which has fallen below $ 3200, surprised with successive whale sales.
The Ethereum price has lost more than 13 percent in the last 24 hours and fallen below $ 3,200. The decline in question was triggered by large-scale sales by #ETH whales and the Ethereum Foundation. With the breakdown of the $ 3,500 support, there were large liquidations in long positions. Analysts predict that the next support level will be around $ 2,800.
During the general collapse in the crypto market, Ethereum whales created a negative atmosphere on the parity by selling in large amounts. Onchain analysis platform Lookonchain reported that a whale deposited 22,746 ETH ($ 77.7 million) of Ethereum into Binance and withdrew the stablecoin to pay off his debts.
Over the past two days, the same whale has deposited a total of 31,968 ETH ($122.3 million) to Binance. Another whale transferred 49,910 #ETH ($170 million) to Binance in the past eight hours and then withdrew 137.8 million worth of the stablecoin.
These sales caused a sharp drop in the Ethereum price, creating huge selling pressure on the pair. Ethereum, which has been on a downward trend since $4,000, lost 17.5 in value in a short time.
The Ethereum Foundation continues to make strategic sales during periods when the ETH price reaches peak levels. Two days ago, when the Ethereum price was $4,000, the Foundation sold 100 more ETH from its holdings.
According to Arkham Intelligence data, the Ethereum Foundation has sold a total of 4,466 ETH ($12.6 million) in the past year. 15 of these transactions were made at levels close to the market peak. The sales in question show that the #Ethereum Foundation is evaluating price peaks strategically.
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