Whale transfers 4,000 ETH to Bitfinex, Ethereum price under threat

4,000 #ETH transferred to #Bitfinex , market uncertainty.
Despite support from the golden cross, the price is struggling around $BTC sales are testing support at $BTC #Ethereum traders are on high alert after a massive transaction involving 40000 ETH. The amount is valued at approximately $146.08 million and was transferred from an unknown wallet to the Bitfinex exchange. How will the Ethereum price react to this news?
The transfer has caused uncertainty about Ethereum's continued bullish momentum, as the cryptocurrency has been consolidating above $3,600 in recent weeks. Historically, such large transfers are associated with potential selling, and there are concerns that volatility will increase in the short term.
A golden cross was detected on the four-hour chart when the 13-period moving average is above the 49-period moving average. This is a bullish signal, which means that the short-term trend is positive and prices are likely to rise in the near future.
By supporting the golden cross, Ethereum keeps prices above these moving averages, which increases traders' confidence. Ethereum is consolidating near its recent highs and is trading at $3,642 at the time of writing.
However, the future of Ethereum remains uncertain as traders are unsure if this is a sign of selling after the recent whale of a move.
This is due to the fact that Ethereum failed to firmly break through the $3,645 resistance level.
The Ethereum price chart shows a clear pattern of support and resistance levels that will determine further movement. The first support is at $3,627, which coincides with the 13-period moving average. This level provided short-term stability and allowed Ethereum to break above the key level.
Just below this level, we can see a strong support level at $3,528, which is the 49-period moving average and the previous range.

Read us at: Compass Investments
#CryptoNews #CryptoUpdates

Bitcoin may hit $200K by mid-2025 as price drops ‘will remain mild,’ says Bitfinex
Bitfinex analysts believe the increasing Bitcoin institutional adoption will create strong demand-side pressure, making Bitcoin price dips in 2025 short and temporary.
Bitcoin price dips will be short-lived in 2025 due to strong institutional demand, say Bitfinex analysts, who predicted a best-case scenario of Bitcoin doubling in price by June 2025.
Bitfinex analysts said in a Dec. 17 market report that their minimum price estimates “stand at $145,000 by mid-2025, potentially stretching to $200,000 under favorable conditions.”
Bitcoin volatility expected in first quarter
“Our view is that any corrections in 2025 will remain mild, thanks to institutional inflows,” the analysts said.
They noted that while Bitcoin BTC $104,361 volatility is expected in Q1 2025, the “broader trend” suggests continued price growth, driven by ongoing inflows into spot Bitcoin exchange-traded funds (ETFs) and increased global and institutional adoption.
Around $36 billion has flowed into United States-based spot Bitcoin ETFs since they launched in January Farside Investors data shows.
“The BTC ETFs are one of the largest cohorts of Bitcoin holders at over 1.13 million BTC,” the analysts said.
At the time of publication, Bitcoin was trading at $105,360, a price that Castle Island Ventures’ partner Nic Carter believes could grow nearly nine-fold in the “long term.”
“Long-term, I’m looking for Bitcoin to match the market cap of gold, which would price Bitcoin at $900,000,” Carter told Bloomberg Television on Dec. 17.
Bitcoin author Andy Edstrom said on Dec. 16 that he is already “struggling to get used to the fact that $1,000 is less than a 1% move in Bitcoin’s price.”
Bitfinex analysts believe that if Bitcoin mirrors the 2021 cycle, with a roughly 40 percent increase above its moving averages, it could potentially “reach around $339,000.”
“In the less likely scenario that the extended 2017 cycle repeats with similar diminishing returns, Bitcoin could peak around $290,000 by early 2026,” they said.
US Bitcoin reserve may change the narrativeMeanwhile, the possibility of the incoming Trump administration creating a strategic Bitcoin reserve has the crypto industry speculating that the market narrative could move into uncharted territory.
“If one country implements a Bitcoin strategic reserve, you can kiss goodbye to your 4-year cycles,” crypto analyst Tyler Durden said in a Dec. 17 X post.
After Donald Trump won the election on Nov. 5, the Trump-backing pro-crypto Senator Cynthia Lummis said she would move forward with legislation for the US government to buy Bitcoin and hold it for at least 20 years.
#btc200k #Bitcoin #bitfinex #cryptomarket #CryptoNews

The price of bitcoin fell below $95,000 on Monday, virtually guaranteeing that the world's top cryptocurrency won't exceed its peak of $108,000 by the end of the year.

After Donald Trump's re-election in November, #MicroStrategy CEO Michael Saylor predicted that #bitcoin would reach $100,000 by the end of the year. That prediction has largely come true: in early December, bitcoin surpassed the $108,000 mark.
The bitcoin price is currently hovering around $94,000.Despite the recent pullback, market analysts remain optimistic about the #cryptocurrency in the new year. A #Bitfinex analyst predicts that bitcoin could reach the US$200,000 mark in the short term. The minimum bitcoin price is between $140,000 and $200,000 in mid-2025, Bitfinex analysts said.
The current bull market reflects strong institutional demand driven by [listed mutual funds that debuted in January] and spot accumulation. Historical data indicates that we are in the middle of the post half-cycle in April 2024 and will likely peak in Q3 and Q4 2025, about 450 days after the halving, explained the Bitfinex analyst. Historically, the strongest rallies are seen in the years following the halving, and since
2025 is the year after the halving, next year will be a strong test of whether that story is true. Bitcoin is entering the escape velocity phase of its fourth halving cycle, and is being embraced by corporations, institutions, and even governments in an unprecedented way. We are experiencing a real-time supply shock as bitcoin's fixed supply responds to increased demand, driving up the price.
Read us at: Compass Investments
#CryptoNews