Ethereum

Time

Coin

<ul class="news-points"> 
 <li><strong>Ali revealed in a tweet yesterday that there is a strong correlation between the number of ETH whales and ETH’s price.</strong></li> 
 <li><strong>In a second post, the analyst shared that he will be shorting ETH as whales begin to offload their holdings.</strong></li> 
 <li><strong>At press time, ETH was changing hands at $1,651.01 following a 24-hour loss of 0.02%.</strong></li> 
</ul> 
<p>In a tweet yesterday, the cryptocurrency trader and analyst, Ali, noted the strong correlation between the number of whales holding 10,000+ <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> and the altcoin leader’s price trajectory. In the post, he questioned whether it is the right time to buy or sell ETH given the fact that whales are currently offloading their holdings in the cryptocurrency.</p> 
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   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"> 1/2 <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> | Notice the strong correlation between the number of whales holding 10,000+ <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> and its price trajectory.<br><br>If seasoned investors are offloading, it prompts the question: Is now the right time to buy or to short <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#ETH</a>? <a href="https://t.co/SVF6e6z5fw" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/SVF6e6z5fw</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1695538929028464984?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 26, 2023</a> 
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<p>In a second tweet yesterday, the analyst revealed that he will follow the strategy of ETH whales and short the altcoin. He also added that he will be watching ETH whales closely before he enters in…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/eth-whales-begin-to-offload-their-holdings-time-to-short-eth/">ETH Whales Begin to Offload Their Holdings; Time to Short ETH?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH Whales Begin to Offload Their Holdings; Time to Short ETH?

Coin Edition

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