Ethereum

Coin

<ul class="news-points"> 
 <li>ETH’s price climbed more than 3.6% over the past 24 hours, elevating it to $1,893.51.</li> 
 <li>Prior to ETH’s surge, a whale withdrew $16 million worth of ETH after depositing 31.8 million USDT on Binance.</li> 
 <li>Technical indicators on ETH’s daily chart suggested that its price may rise in the next 24-48 hours.</li> 
</ul> 
The price of <a href="https://coinedition.com/tag/ethereum-eth/">Ethereum (ETH)</a> surged more than 3.6% over the past 24 hours, according to CoinMarketCap. As a result of the latest price increase, the altcoin leader was trading hands at $1,893.51 at press time. This 24-hour gain added to ETH’s weekly performance, pushing it up to +6.49% as a result. 
A possible reason for ETH’s strong performance throughout the past day of trading could be transactions made by a particular whale in the last few hours. In an X post this morning, the on-chain tracking platform Lookonchain revealed that a whale withdrew another 8,618 ETH, worth $16 million, from Binance in the past 12 hours. 
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 This smart whale withdrew another 8,618 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a> ($16M) from <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> 4 hours ago. The whale deposited 31.8M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$USDT</a> to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and withdrew 17,316 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$ETH</a>, the buying price is ~$1,836.<a href="https://t.co/OLrmsm7kAi" target="_blank" rel="nofollow">https://t.co/OLrmsm7kAi</a> <a href="https://t.co/WHvgeaR5At" target="_blank" rel="nofollow">pic.twitter.com/WHvgeaR5At</a>— Lookonchai…
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The post <a href="https://coinedition.com/ethereum-eth-surges-as-whale-continues-scooping-up-the-altcoin/">Ethereum (ETH) Surges as Whale Continues Scooping up the Altcoin</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum (ETH) Surges as Whale Continues Scooping up the Altcoin

Coin Edition

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