Ethereum

Celsius

Coin

<ul class="news-points"> 
 <li>FTX transferred 3,134 ETH into Coinbase, while Celsius moved 7,500ETH into an unknown address.</li> 
 <li>ETH’s accumulation has been increasing, indicating strength to resist selling pressure.</li> 
 <li>If Open Interest continues its uptick alongside ETH, the altcoin price may soon reach $2,300.</li> 
</ul> 
Crypto lending service Celsius and defunct exchange FTX have been involved in different <a href="https://coinedition.com/analyst-predicts-ethereum-to-peak-28000-pushed-by-etf-approval/">Ethereum (ETH)</a> transactions which could affect the price of the altcoin. According to Lookonchain, Celsius transferred 7,500 ETH to an unknown address and suggested it may be deposited to exchanges. 
FTX, on the other hand, sent 3,143 ETH to Coinbase in a bid to sell. Celsius’ decision to sell its ETH holdings could be traced back to July. It was at that time that the troubled firm got the go-ahead from a U.S. Bankruptcy Court to sell its assets to pay back some of its creditors. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 Both <a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FTX</a> and <a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Celsius</a> transferred <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> again today.<a href="https://twitter.com/hashtag/FTX?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#FTX</a> deposited 3,143 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($7.2M) to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> 10 hrs ago.<a href="https://t.co/1qZ967Agee" target="_blank" rel="nofollow">https://t.co/1qZ967Agee</a><a href="https://twitter.com/hashtag/Celsius?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Celsius</a> transferred 7,500 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>($17.2M) to address"0xc450" 7 hrs ago and may deposit to exchanges.<a href="https://t.co/D3EybFlGUh" target="_blank" rel="nofollow">https://t.co/D3EybFlGUh</a> <a href="https://t.co/LAiIVTafAc" target="_blank" rel="nofollow">pic.twitter.com/LAiIVTafAc</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1732229055968399515?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 6,…</a>
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The post <a href="https://coinedition.com/celsius-ftx-eth-transfers-should-investors-be-worried/">Celsius, FTX ETH Transfers: Should Investors Be Worried?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Celsius, FTX ETH Transfers: Should Investors Be Worried?

Coin Edition

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