Ethereum

<ul><li>Ethereum founders&#39; $2.7 million ETH sale amid whale offloading signals caution in the market.</li><li>Charts reveal Ethereum&#39;s precarious position at the critical $480&#43; support level.</li><li>Whales offload 5 million ETH worth $8.5 billion, aligning with Ethereum&#39;s price decline.</li></ul>Amid a tense crypto market climate, Ethereum founders have <a href="https://cryptotale.org/ethereum-foundation-liquidates-significant-eth-holdings-amid-market-movement/" rel="noopener noreferrer nofollow">reportedly</a> liquidated 1,700 ETH for $2.7 million in USDC. According to a recent tweet by CryptoBusy, a market analyst, this move parallels an ongoing trend observed among Ethereum whales, who, since February 2023, have significantly reduced their holdings.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/0acee66358ca4cddbff8894b498b8c37.png" />Ethereum currently hovers near a historically significant 480&#43; support level, as indicated by the chart from CryptoBusy. The latest data presents the cryptocurrency fluctuating between $1,550 and $1,650. The chart further emphasizes the coin&#39;s movement within this range, marking a potentially decisive moment in terms of bounce or breakdown from this vital support level.Read full article at <a href="https://cryptotale.org/ethereum-founders-liquidate-1700-eth-amid-whale-exodus-crucial-support-test-ahead/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ethereum Founders Liquidate 1,700 ETH Amid Whale Exodus: Crucial Support Test Ahead

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