Ethereum

Coin

A HashKey wallet made headlines after selling a large amount of Ethereum (ETH) worth $97.7 million.  
According to on-chain monitoring platform Lookonchain, the wallet managed the transfer of 50,115 ETH to Binance and OKX exchanges over a 10-day period, while simultaneously withdrawing about $102.5 million in Tether (USDT) and USD Coin (USDC) stablecoins.  
Despite this substantial drop, the price of ETH has risen by 1.26% in the last 24 hours to $1,960.38. However, it fell short of the $2,000 threshold, with a weekly performance fall of -4.35% and a significant 31.25% decrease in daily trading volume.  
At the writing time, ETH is now trading in a negative price channel ($1,952), which adds uncertainty to its trajectory.  
If the price of Ethereum falls below the $1,945 support level, it could fall further to $1,830. Maintaining a position over $1,945 in the next 72 hours, on the other hand, might clear the way for a positive trend.  
This scenario might see Ethereum break out of the falling price channel, potentially establishing the $2,065 mark as new support. 
The post <a href="https://optimisus.com/news/crypto-news/whale-sells-over-97-million-in-ethereum-eth-on-exchanges/" rel="noopener noreferrer nofollow">Whale sells over $97 million in Ethereum (ETH) on exchanges</a> appeared first on <a href="https://optimisus.com" rel="noopener noreferrer nofollow">Optimisus</a>.

Whale sells over $97 million in Ethereum (ETH) on exchanges

Optimisus

Other articles published on Nov 19, 2023

Ferrari to Accept Bitcoin and Cryptocurrency Payments for its U.S. Customers!

Meme coin investors are examining Rebel Satoshi, a Dogecoin challenger

Nigerian fintech firm Paystack realigns operations, 33 employees to depart

Bitcoin Adoption Reaches Yearly High Despite Increasing Transaction Fees

Ripple CTO On How The XRP Ledger Is Powering Asset Tokenization

Stablecoin Giant Tether Seeks to Be Major Bitcoin Miner, Pledges $500M

Join our free newsletter for daily crypto updates!