Ethereum

Galaxy

Millions

when

Coin

<ul class="wp-block-list news-points"> 
 <li>Galaxy Digital’s $10.24M ETH withdrawal highlights market impact.</li> 
 <li>Ethereum’s price dips to $2,736, with key support at $2,730 and resistance at $2,750.</li> 
 <li>RSI at 44.58 suggests Ethereum is slightly oversold with MACD indicating possible decline.</li> 
</ul> 
Galaxy Digital recently pulled a sizable <a href="https://platform.arkhamintelligence.com/explorer/entity/galaxy-digital" target="_blank" rel="nofollow">3,735 ETH from Binance</a>. This withdrawal, worth about $10.24 million, happened when Ethereum was trading at $2,740 per token. This move boosts Galaxy Digital’s Ethereum holdings on the blockchain to 63,984 ETH, a hefty $175 million. 
As a result, Ethereum’s price saw some swings in the last 24 hours, reflecting the broader market. It climbed near $2,790 but then dropped back below $2,750. This upward movement, however, was short-lived as the price subsequently dropped, slipping below the $2,750 mark.&nbsp; 
As at press time, Ethereum price is hovering around <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">$2,736.12</a>, down by 0.52% over the past day. The market now exhibits signs of stabilization, though the downward pressure has not entirely dissipated. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="512" height="229" src="https://coinedition.com/wp-content/uploads/2024/08/unnamed-16.png" alt="" class="wp-image-485980" srcset="https://coinedition.com/wp-content/uploads/2024/08/unnamed-16.png 512w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-300x134.png 300w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-380x170.png 380w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-159x71.png 159w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-440x197.png 440w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-414x185.png 414w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-326x146.png 326w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-377x169.png 377w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-123x55.png 123w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-16-129x58.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="nofollow">Coinmarketcap</a>
 </figcaption>
</figure> 
Key support and resistance levels are important to understand where the price might go next. Ethereum currently has support at $2,730, a level it’s tes…
The post <a href="https://coinedition.com/ethereum-price-dips-as-galaxy-digital-moves-millions/">Ethereum Price Dips as Galaxy Digital Moves Millions</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum Price Dips as Galaxy Digital Moves Millions

Coin Edition

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