An Ethereum whale has added almost 16,000 ETH to its bag, suggesting that the downtrend for the market leader is almost over.
World Liberty Financial (WLFI) dismissed reports claiming the sale of $8 million worth of ETH earlier this week.
Vitalik Buterin has proposed a roadmap to fix privacy on the Ethereum Layer-1 chain, setting a new benchmark for protocol functionality.
Ethereum continues to underperform but the rising bearish sentiment could signal a bullish rally for the cryptocurrency, according to Santiment.
An Ethereum whale that has stayed inactive since 2022 has made a huge sale involving 10,702 ETH, raising concerns about the price outlook.
A dormant Ethereum whale, holding 10,000 ETH for over 900 days, sold its entire holdings for $15.71 million during the recent ETH price crash.
A long-dormant Ethereum whale has re-entered the market after seven years, depositing 2,000 ETH worth $3.11 million to Kraken and sparking Ethereum price crash concerns.
ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
Ethereum’s bearish sentiment has strengthened while the ETH-based investment products in the US ended their four-week outflow streak.
Ethereum finally deployed its Pectra upgrade on the Hoodi testnet. However, ETH price still gained downward momentum.
Ethereum surged to $2,065 with a 9% weekly gain as whales accumulated $1 billion worth of cryptocurrency in the past week.
According to analyst Ali Martinez, a whopping 360,000 ETH tokens were withdrawn from crypto exchanges in the last 48 hours.
Ethereum faces strong resistance at $2,400 while analysts believe that the cryptocurrency will not fall below $2,000 once again.
Analysts highlight a bearish outlook for Ethereum price, with potential further drops to $1,060 if the current bearish trend continues to persist.
Ethereum, the biggest altcoin, is on a slipper slope hanging close to the $2,000 crucial support level. With rising liquidations in the market, will a bearish trend in ETH price result in a $1,740 retest?