Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 12339
Markets: 95431
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Market Cap
24h Vol
12339
Cryptocurrencies
56.54%
Bitcoin Share
The Coin Rise 2024-12-29 20:30:36

Ethereum Whale Liquidation Could Affect Price Stability, Here’s How

Ethereum Whale Liquidation Could Affect Price Stability, Here’s How

In 2015, a whale investor acquired 200,000 Ethereum (ETH) through the Genesis Block, making history in the blockchain’s early days. This year, the whale sold 49,000 Ethereum, worth $172 million, leaving only a small portion of its holdings. The liquidation has sparked speculation in the Ethereum market. Traders and investors are uncertain about how the continued sell-off will affect Ethereum’s price and market trends. What’s Happening with the Ethereum Whale? This whale’s sell-off, which has averaged around $3,528 per Ethereum, has been a major event. The bulk of the whale’s liquidation is nearly complete, with only 7,594 Ethereum remaining. Depending on market conditions, this is valued between $25 million and $72 million. This selling behavior is often associated with price drops as the increased supply creates downward pressure. Traders are becoming anxious about the possibility of a price crash. Ethereum Faces Market Pressure as Price Consolidates As Ethereum settles around $3,390, the whale’s liquidation has added to the strain on the price trajectory. This key level is just above strong support from the 200-day and 100-day exponential moving averages (EMAs). Traders are watching these thresholds closely to see if Ethereum would dip below certain thresholds, particularly at the $3,219 and $3,000 mark levels. If this happens, it could usher in a bearish trend. Simultaneously, Ethereum has struggled to break the psychological $4,000 resistance mark. The sell-offs have contributed to immediate price drops and underscored the broader challenge, including insufficient trading volume and lack of momentum. A Chance for Market Stability Yet, this story is not all bearish. The nearing conclusion of the whale’s liquidation could ease some downward pressure, opening the door for a more stable market. Ethereum could regain investor confidence as the selling pressure eases, especially if prices rise above the whale’s average selling price of $3,528. A successful retest of this level could trigger a bullish rebound, suggesting the worst may be over. However, if the price drops, traders may face more uncertainty, and Ethereum’s market could struggle to gain momentum. At this critical juncture, the market is watching closely to see whether Ethereum will break through its resistance levels or continue to consolidate. The end of the whale’s sell-off could be the thing that helps Ethereum take a new direction. The post Ethereum Whale Liquidation Could Affect Price Stability, Here’s How appeared first on TheCoinrise.com .

Most Read News



Cryptohopper
hardware wallets, hardware , wallets, Crypto Currency, Cryptocurrency hardware wallets, Crypto Apparal, crypto wallet, Cryptocurrency wallets

Market Cap
24h Vol
56.54%
Bitcoin Share
288
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.