Whales Load Up On Ethereum, But Analysts Fear $4K Dip Ahead
Ethereum showed fresh buying pressure this week after reports that a major Bitcoin whale dramatically increased its Ether holdings, a move market watchers say could reshape short-term flows. Related Reading: XRP ETF Launch Could See $5B Inflows, Outpacing Ethereum ETFs: CEO Major Whale Moves Into Ether According to reports, one of the earliest and most influential Bitcoin whales bought roughly 820,220 ETH over the course of two weeks, a haul valued at about $3.6 billion at current prices. The purchases were logged across multiple addresses and have drawn attention because they represent a....
Related News
Ethereum has actually seen quite a tepid bout of price action despite Bitcoin pressing to new year-to-date highs. While the coin is up 1.3% in the past day, it is still a handful of percent below local highs. Analysts are fearful that Ethereum could face a stronger pullback in the days ahead as it fails to pass key resistances. One trader suggested that the coin could drop to $380-390 as it failed to pass the […]
Ethereum whales are going straight to market to load up their bags as ETH falls to ‘discount prices’. Just like the rest of the crypto market, Ethereum has taken a beating down, falling more than 20% in the last three days. While panic continues to spread across the market, whales have loaded up their holdings with more than 600,000 ETH. Ethereum Whales Buy The Dip The “Buy the dip” sentiment is still really strong among players in crypto. Since the assets are currently at one of the lowest price points for the year 2022, it presents an opportunity for those looking to buy the digital....
The price of Bitcoin — and the general market — started the week with one of the largest declines they have seen in 2024. While this broad market downturn resulted in widespread fear and panic amongst crypto enthusiasts, it appears that many investors took the opportunity to amass more digital assets at low prices. According […]
Ethereum whales are no doubt some of the biggest fans of meme coin Shiba Inu but it seems even the whales are starting to feel the heat of the downtrend. This has resulted in the top whales significantly decreasing their holding in the digital asset. Now, these whales still hold a reasonable portion of […]
Analysts fear that Bitcoin is primed to drop after the $14,000 break on Saturday. The recent price action has been spotty due to a lack of follow-through at $14,000. An analyst also added that with uncertainty in the stock market and with the U.S. Dollar Index on support, BTC has a good chance at moving lower as opposed to higher. Bitcoin Primed to Drop, Analysts Fear Analysts fear that Bitcoin is primed to retrace as […]