Ethereum

Spot

Coin

<ul class="news-points">
 <li>Ethereum sees large transactions following ETF approval, sparking “sell the news” concerns.</li>
 <li>Co-founder Jeffrey Wilke transfers $37 million in ETH to Kraken exchange.</li>
 <li>Technical indicators suggest potential price retracement, but a bullish trend is possible.</li>
</ul>
Following the SEC’s approval of Spot Ether ETFs, the market has witnessed substantial Ethereum transactions to crypto wallets. This trend has garnered significant attention, with prominent on-chain analyst Ali Charts suggesting it could be a “sell the news” event. Simultaneously, market participants are speculating on the possibility of profit-taking, portfolio adjustments, or general market speculation.
Notably, Jeffrey Wilke, co-founder of Ethereum, transferred 10,000 ETH, worth approximately $37.38 million, to the Kraken exchange. Wilke’s transfer is part of a broader trend of trading activities that could influence ETH’s price dynamics, with over 242,000 ETH transfers occurring in the past seven days.
Market experts are pointing to several indicators amid these developments, calling for cautious trading. For instance, the Tom DeMark (TD) Sequential indicator on Ethereum’s daily chart has presented a …
The post <a href="https://coinedition.com/eth-transactions-surge-post-sec-etf-approval-market-speculation-abounds/" rel="noopener noreferrer nofollow">ETH Transactions Surge Post-SEC ETF Approval: Market Speculation Abounds</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

ETH Transactions Surge Post-SEC ETF Approval: Market Speculation Abounds

Coin Edition

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