Ethereum

<ul class="news-points"> 
 <li><strong>Earlier today, a whale transferred 64,000 ETH tokens from an unknown wallet to Binance.</strong></li> 
 <li><strong>Investors could be anticipating a sell-off as the altcoin’s price dipped by 1.34% in the past 24 hours.</strong></li> 
 <li><strong>ETH’s MACD also suggests that ETH’s price could continue to drop in the next few days.</strong></li> 
</ul> 
<p>There are fears of a possible sell-off after an <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum&nbsp;(ETH)</a> whale transferred a huge amount of tokens onto an exchange. According to a post shared earlier today by the whale tracking platform, Whale Alerts, a whale transferred 64,000 ETH from an unknown wallet to Binance.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 64,000 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a> (104,970,266 USD) transferred from unknown wallet to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a><a href="https://t.co/HOJzddxOg7" target="_blank" rel="nofollow">https://t.co/HOJzddxOg7</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1709461800159252551?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 4, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The post also highlighted that the transferred ETH was worth approximately $104,970,266. However, around the same time, Whale Alerts also shared in an X post that 100,000 ETH was removed from Binance and transferred to an unknown wallet. Unfortunately, this did not seem to change the minds of hesitant investors.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> 100,000 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a> (163,969,319 USD) transferred from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> to unknown wallet<a href="https://t.co/iBM2vAlrT7" target="_blank" rel="nofollow">https://t.co/iBM2vAlrT7</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1709460898685780244?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 4, …</a>
  </blockquote>
 </div>
</figure>
<p>The post <a rel="nofollow" href="https://coinedition.com/eth-could-retest-1580-support-if-sell-off-fears-persist/">ETH Could Retest $1,580 Support If Sell-Off Fears Persist</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

ETH Could Retest $1,580 Support If Sell-Off Fears Persist

Coin Edition

Other articles published on Oct 4, 2023

Hong Kong’s SFC puts up united front with police to monitor crypto platforms

Optimism Network introduces a fault-proof testnet technology in an effort to achieve decentraliza...

Shiba Inu vs. Dogecoin: A Race to $1 Amidst Recent Whale Movements

Shiba Inu Admin Profile Breach: Comprehensive Overview

CMG To Announce Its Earnings, What Should Be Your Expectations?

U.S. Judges Rejected the SEC's Motion to Appeal $XRP Rulling in Ripple Case

Join our free newsletter for daily crypto updates!