Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling?

Crypto Breaking · 2024-10-04T03:37:35.000Z

Ethereum is down when writing, mirroring the general performance across the board. The nearly 2% drop in the crypto scene is due to the contraction of Bitcoin, Ethereum, and top altcoins. At present, the total market cap is down to $2.17 trillion. It could post even more losses should bears press on, reversing the gains of September. Ethereum Under Pressure, Will $2,350 Offer Support? In the last week alone, CoinMarketCap data shows that Ethereum is down 10%, pushing losses below $2,400, a former support, now resistance. While it could appear that the sharp dump of the better part of this week is discouraging participation, some traders are accumulating at around spot rates. IntoTheBlock data on October 3 shows that 1.89 million Ethereum addresses bought 52 million ETH at around the $2,311 and $2,383 range. That a large amount of buyers choose to buy, on average, at $2,350 means this is a support level that traders should closely watch. Considering the number of ETH accumulated, sellers would need to exert more effort to break below this level, forcing the coin towards $2,100 and August lows. Comparing traders’ action and the September range, the $2,350 level falls at around 61.8% and 78.6% Fibonacci retracement levels. What’s Next For ETH? Technically, crypto prices, including ETH, tend to find support around this Fibonacci retracement zone. Accordingly, how prices react between the $2,100 and $2,350 zone will likely shape the medium to long-term trend. Related Reading: What’s Holding Bitcoin Back? Analyst Says $71,000 Is The Magic Number A refreshing bounce around this emerging support and Fibonacci retracement zone would be a massive boost. In this case, ETH could rally, even above $2,800, as bulls target $3,500. Conversely, any sharp dump below August and September lows may easily trigger panic selling. Out of this, ETH can slump below $2,100 and $2,000 and may fall to as low as $1,800, confirming losses of early August. Considering the state of price action, sellers have the upper hand. Over the past few trading sessions, centralized exchanges have had massive outflows. Earlier today, The Data Nerd revealed that Wintermute, a crypto market maker, moved 14,221 ETH to Binance, indicating that they might sell. In August, Wintermute and other leading market makers, including Jump Capital, sold over 130,000 ETH, forcing prices lower. Source: NewsBTC.com The post Over 1.8 Million Addresses Bought 52 Million ETH At $2,350: Will Ethereum Continue Falling? appeared first on Crypto Breaking News.

撰写本文时，以太坊下跌，反映了整体表现。加密货币领域近 2% 的下跌是由于比特币、以太坊和顶级山寨币的萎缩。目前，总市值已降至 2.17 万亿美元。如果空头继续施压，它可能会进一步下跌，扭转 9 月份的涨势。
以太坊承压，2,350 美元能提供支撑吗？
CoinMarketCap 数据显示，仅上周，以太坊就下跌了 10%，跌破了 2,400 美元，这是之前的支撑位，现在成了阻力位。虽然本周大部分时间的暴跌似乎阻碍了参与，但一些交易员仍在以现货价格附近买入。
IntoTheBlock 10 月 3 日的数据显示，189 万个以太坊地址在 2,311 美元至 2,383 美元左右的价格区间购买了 5200 万个 ETH。大量买家选择以平均 2,350 美元的价格购买，这意味着这是交易者应密切关注的支撑位。
考虑到 ETH 的累积数量，卖家需要付出更多努力才能突破这一水平，迫使代币跌至 2,100 美元和 8 月低点。将交易员的行动与 9 月区间进行比较，2,350 美元的水平跌至斐波纳契回撤水平的 61.8% 和 78.6% 左右。
ETH 的下一步是什么？
从技术角度来看，包括 ETH 在内的加密货币价格往往会在这个斐波那契回撤区域附近找到支撑。因此，价格在 2,100 美元和 2,350 美元区域之间的反应可能会影响中长期趋势。
相关阅读：是什么阻碍了比特币的发展？分析师称 71,000 美元是一个神奇的数字
围绕这一新兴支撑位和斐波那契回撤区出现令人耳目一新的反弹将带来巨大的推动力。在这种情况下，ETH 可能会反弹，甚至突破 2,800 美元，因为多头的目标是 3,500 美元。
相反，任何跌破 8 月和 9 月低点的大幅下跌都可能轻易引发恐慌性抛售。由此，ETH 可能跌破 2,100 美元和 2,000 美元，甚至可能跌至 1,800 美元，确认 8 月初的损失。
从价格走势来看，卖方占了上风。在过去几个交易日中，中心化交易所出现了大量资金流出。
今天早些时候，The Data Nerd 透露，加密货币做市商 Wintermute 将 14,221 ETH 转移到币安，表明他们可能会抛售。8 月份，Wintermute 和 Jump Capital 等其他领先的做市商共抛售了超过 130,000 ETH，导致价格下跌。
来源：NewsBTC.com
文章《超过 180 万个地址以 2,350 美元的价格购买了 5200 万个 ETH：以太坊会继续下跌吗？》首先出现在 Crypto Breaking News 上。

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