Ethereum

Coin

<ul class="news-points"> 
 <li>Ethereum price rebounds past $3,150 after a significant dip below $3,000.</li> 
 <li>A Matrixport-associated wallet withdraws $51.1 million worth of ETH from Binance.</li> 
 <li>Since March 29, this wallet has withdrawn 67,286 ETH worth $228 million.</li> 
</ul> 
In a significant market move, Ethereum (ETH) prices rebounded strongly to surpass the $3,150 mark. This recovery occurred shortly after a dip below $3,000 amid escalating tensions between <a href="https://coinedition.com/crypto-market-experience-significant-pullback-following-irans-attack-on-israel/">Israel and Iran</a>. The price increase aligns with large-scale acquisitions by major investors. 
Recent data from <a href="https://etherscan.io/address/0xacc74cfaa8ad730194c1828cc179c78d5c08200e" target="_blank" rel="nofollow">Etherscan indicates</a> a notable transaction involving the withdrawal of 16,300 ETH from <a href="https://coinedition.com/binance-records-1-15t-spot-volume-7x-bigger-than-coinbase-figures/">Binance</a>. This transaction, worth approximately $51.1 million, links to a wallet associated with Matrixport. The event took place just 20 minutes before reporting and has added to a series of withdrawals from the same wallet since March 29. To date, this wallet has moved a total of 67,286 ETH, valued at $228.33 million, from exchanges. 
The average price for these transactions is $3,393.5 per ETH. Matrixport’s consistent withdrawal pattern may point to strategic market maneuvers. It could indicate an anticipation of higher ETH prices or a move towards gre…
The post <a href="https://coinedition.com/binance-sees-50m-ethereum-withdrawal-whats-behind-the-move/">Binance Sees $50M Ethereum Withdrawal: What’s Behind the Move?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Binance Sees $50M Ethereum Withdrawal: What’s Behind the Move?

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