Ethereum whale activity has hit its highest level in 2024
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
The timing of this transfer is particularly intriguing, as it comes after Ethereum's price topped the $4,000 mark and then dipped remarkably. The recent action of the whales has spurred speculation:"Did the whales think that the recent correction was still not enough?", as the $3,300 price levels dip into the midterm buy zone. A combined 59,137 separate ETH whale transactions exceeding $100,000 in value were recorded between March 19 and 21.
Santiment urges traders to keep an eye on the 30-day average returns of ETH wallets, which might indicate if a buy is justified. Average 30-day ETH traders are now down 7%, increasing the likelihood of a rebound. Also, its RSI has dropped to 28.5, the lowest seen for ETH since the price bottomed in late January.declined by 41% this week, with meme coin speculation slowing down significantly. The amount of ETH transferred on the mainnet has also reached its highest since May 2022 this week.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
$64 Million in Ethereum Pulled From Exchanges by Whales as Price JumpsWhales are showcasing their confidence in Ethereum amid bullish signals
Baca lebih lajut »
ETH Whales Cashing out Massively Amid Ethereum Price DropAs Ethereum's price goes south, ETH whales make strategic moves, cashing out millions amid market dump
Baca lebih lajut »
ERC 6551 Ethereum Standard Changes Game in Ethereum NFTs: GuideHere's how one EIP can boost entire concept of non-fungible tokens in EVM blockchains
Baca lebih lajut »
Ethereum Killers, Layer2 Solutions, and Ethereum Dencun Upgrade: Who Will Benefit?Ethereum has successfully completed its next upgrade called Dencun. As a result, fees were reduced, and the scalability issues were solved.
Baca lebih lajut »
Optimism Chains Ready for EIP 4844 Upgrade, Here's Why This Is Big DealEthereum-based L2s getting closer to most radical tech upgrade in Ethereum scaling history
Baca lebih lajut »
Sperm whales drop giant poop bombs to save themselves from orca attackJennifer Nalewicki is a Salt Lake City-based journalist whose work has been featured in The New York Times, Smithsonian Magazine, Scientific American, Popular Mechanics and more. She covers several science topics from planet Earth to paleontology and archaeology to health and culture. Prior to freelancing, Jennifer held an Editor role at Time Inc.
Baca lebih lajut »