Ethereum

Coin

<ul class="news-points"> 
 <li>ETH’s price decline coincided with a notable movement of long-held ETH from older wallets, according to data from Santiment.</li> 
 <li>This suggests that long-term ETH investors may be starting to capitulate and exit their positions.</li> 
 <li>Earlier today, Ethereum made an attempt to regain ground above $1,580, but bears quickly countered this move.</li> 
</ul> 
The market intelligence platform Santiment shared in a Twitter (X) post today that <a href="https://coinedition.com/tag/ethereum-eth/" rel="noopener noreferrer nofollow">Ethereum (ETH)</a> recently experienced a significant drop in value, hitting a low of $1,540, which is a level not seen since 12 March 2023. What is particularly interesting is that this price decline coincided with a notable movement of long-held ETH from older wallets. 
This shift in the ownership of stagnant ETH suggests that long-term investors may be starting to capitulate and exit their positions possibly due to the ongoing price drop, according to the post. This phenomenon was further underscored by the decreasing mean age of Ethereum tokens in circulation during this period. 
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 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> dropped to $1,540 for the first time since March 12th, and this coincided with large quantities of stagnant <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> moving away from old wallets. A continued dip… 
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The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/ethereums-eth-old-wallet-activity-spikes-after-hitting-1540/">Ethereum’s (ETH) Old Wallet Activity Spikes After Hitting $1,540</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Ethereum’s (ETH) Old Wallet Activity Spikes After Hitting $1,540

Coin Edition

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