#Bulls are accumulating this digital currency.

_#LONDON-Ethereum (ETH), the second-largest cryptocurrency by market cap, has seen a decline of more than 3% over the past week and more than 1% in the past 24 hours, with its price hovering around $2,170.21. Despite this downturn, which pushed the market cap to over $260 billion, major investors, often referred to as “whales,” demonstrated their long-term confidence in Ethereum by adding over $230 million worth of ETH to their holdings. The digital currency's recent performance has been marred by several negative market indicators. There has been a noticeable decline in weighted sentiment – ​​a measure of investor sentiment towards a particular asset – which often precedes price movements. Additionally, a bearish crossover was observed in the Moving Average Convergence Divergence #MACD , which is a trend-following momentum indicator that shows the relationship between two moving averages of an asset's price.
The Market Value to Realized Value #MVRV ratio, which compares a cryptocurrency's market value to its realized value, is also declining, indicating that the value being traded is lower than what the market currently values. Despite these bearish signs and seemingly low buying interest from investors in the US and South Korea, historical patterns suggest there may be room for optimism. Similar trends have occurred since 2017 where Ethereum price saw a rise after hitting key support levels. This historical resilience may indicate that the current price decline may be temporary and followed by a recovery.

$ETH

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A woman named Jian Wen, living in London, has been caught laundering more than $4.3 billion worth of bitcoins. At first, it seemed like she was just doing regular business, but it turned out to be a fancy plan to hide illegal money. She used the dirty money to buy really expensive things like fancy properties and jewelry.

The police in London spent five years investigating this and finally caught her. Even though she tried to hide what she was doing, her suspicious actions caught their attention. They had to work really hard, checking almost 48 electronic devices, to figure out what she was up to. Some documents in Chinese helped prove her guilt, showing that cryptocurrency crimes can happen anywhere in the world.

After she was found guilty, the police took away her stuff, including her bitcoins. A court also said she couldn't touch her bitcoins until everything was sorted out legally. This shows that anyone caught doing bad stuff with cryptocurrencies will face consequences.

The head prosecutor, Andrew Penhale, said more and more criminals are using cryptocurrencies to hide their dirty money. This case reminds us that we need to keep an eye out and work together to stop people from using cryptocurrencies for bad things. #CPS  #JianWen  #BTCAnalysi  #LONDON-Ethereum  #England

A woman named Jian Wen, living in London, has been caught laundering more than $4.3 billion worth of bitcoins. At first, it seemed like she was just doing regular business, but it turned out to be a fancy plan to hide illegal money. She used the dirty money to buy really expensive things like fancy properties and jewelry.

The police in London spent five years investigating this and finally caught her. Even though she tried to hide what she was doing, her suspicious actions caught their attention. They had to work really hard, checking almost 48 electronic devices, to figure out what she was up to. Some documents in Chinese helped prove her guilt, showing that cryptocurrency crimes can happen anywhere in the world.

After she was found guilty, the police took away her stuff, including her bitcoins. A court also said she couldn't touch her bitcoins until everything was sorted out legally. This shows that anyone caught doing bad stuff with cryptocurrencies will face consequences.

The head prosecutor, Andrew Penhale, said more and more criminals are using cryptocurrencies to hide their dirty money. This case reminds us that we need to keep an eye out and work together to stop people from using cryptocurrencies for bad things. #CPS  #JianWen  #BTCAnalysi  #LONDON-Ethereum  #England