Ethereum

2024

Time

Coin

<ul class="news-points"> 
 <li><strong>The dormant address moved 20 ETH out of 100 ETH to a new address.</strong></li> 
 <li><strong>The 9 and 20 EMAs closed in on one another, suggesting consolidation.</strong></li> 
 <li><strong>If ETH rises to $2,524, the Supertrend indicated that it could be a sell signal.</strong></li> 
</ul> 
<p>On February 4, Whale Alert notified the crypto community that a dormant address holding 100 <a href="https://coinedition.com/two-indicators-suggest-a-tenfold-rally-for-ethereum/">Ethereum (ETH)</a> coins had been reactivated. According to the post, the said address’ last activity was eight and a half years ago.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4a4.png" alt="💤" class="wp-smiley" style="height: 1em; max-height: 1em;"> A dormant pre-mine address containing 100 <a href="https://twitter.com/hashtag/ETH?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#ETH</a> (230,159 USD) has just been activated after 8.5 years!<a href="https://t.co/TJYiR7ruZm" target="_blank" rel="nofollow">https://t.co/TJYiR7ruZm</a></p>— Whale Alert (@whale_alert) <a href="https://twitter.com/whale_alert/status/1754018177200054664?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
<p>At press time value, the value of the <a href="https://coinedition.com/what-is-cryptocurrency-a-complete-beginners-guide/">cryptocurrency</a> was worth $230,159. Movements like this spark speculation in the market. Sometimes, the activation leads to a sell-off. In other cases, the participant merely shifts the coins to a new address.</p>    
<p>Coin Edition monitored that wallet and observed that 20 ETH out of the 100 had been <a href="https://whale-alert.io/transaction/ethereum/0xa346196ae27468a66da110f5ed05ccebb1b6e57bf76eb37709a7e9ce90236591" target="_blank" rel="nofollow">sent</a> to a new address. However, it remains uncertain if the transaction would end up in a sale or if it was just an address or security amendment.</p> 
<h2 class="wp-block-heading" id="h-eth-keeps-consolidating">ETH Keeps Cons…</h2>
<p>The post <a href="https://coinedition.com/dormant-ethereum-eth-address-returns-to-life-time-to-sell/">Dormant Ethereum (ETH) Address Returns to Life: Time to Sell?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Dormant Ethereum (ETH) Address Returns to Life: Time to Sell?

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