Ethereum Approaches Key Support As Whale Activity Signals Potential Market Shift

Ethereum Approaches Key Support As Whale Activity Signals Potential Market Shift

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Source: TheMerkle.com

Ethereum’s price is approaching a long-term support level, with a potential bounce from the $2.2k mark offering a bullish outlook. However, recent whale activity suggests caution may be warranted.

Just 30 minutes ago, a whale or institutional address, inactive for the past 15 months, transferred all 10,281 ETH (worth approximately $24.7 million) to Coinbase, possibly preparing to liquidate. This ETH was primarily accumulated between 2022 and 2023 from exchanges

Read More https://themerkle.com/ethereum-approaches-key-support-as-whale-activity-signals-potential-market-shift/

The post "Ethereum Approaches Key Support As Whale Activity Signals Potential Market Shift" appeared first here TheMerkle.com.

Source: TheMerkle.com

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