• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Whale Activity: Impact on ETH Price?

user avatar

by Giorgi Kostiuk

6 months ago


A large Ethereum holder continues to move significant volumes of ETH, which could affect the cryptocurrency's price. Despite this, Ethereum struggles to break the $3500 mark.

Ethereum Transfer to Kraken

A major Ethereum holder who has been active since 2015, recently transferred 3,370 ETH to the Kraken exchange, amounting to approximately $11.37 million. This is part of a broader strategy in 2024, with 48,687 ETH worth $171.78 million already sent to Kraken.

His ETH after years of sales are nearly exhausted. He currently has 7,594 ETH left, worth $25.72 million.余烬 (@EmberCN)

Current Ethereum Price Dynamics

Ethereum has struggled to surpass the psychological and technical barrier of $3500 and remains below this threshold. Currently, Ethereum is trading at $3,385.46, indicating a continued battle between bullish and bearish forces.

Technical Analysis and Market Outlook

Amidst current dynamics, Ethereum remains below key moving averages, including the 50-day, 100-day, and 200-day. Technical analysis suggests bearish sentiment, although there is a noted decrease in pressure.

Ethereum continues to trade within a consolidation pattern. Despite large holder activity, overall market dynamics remain cautious, dampening price rallies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

BitFuFu's Success: 445 Bitcoins Mined and Growth in Production Capacity

chest

BitFuFu marks a record in bitcoin production due to expansion and strategic partnerships.

user avatarGiorgi Kostiuk

Strategy Launches $4.2 Billion Stock Offering to Increase Bitcoin Holdings

chest

Strategy has launched a $4.2 billion offering aimed at increasing its Bitcoin reserves.

user avatarGiorgi Kostiuk

Trading Ban on Jane Street: $567 Million Seized

chest

Jane Street contests SEBI's ban after $567 million seized over allegations of manipulation in Indian bank stocks.

user avatarGiorgi Kostiuk

Changpeng Zhao's Warning: Cryptocurrency Is Not a Get-Rich-Quick Scheme

chest

Changpeng Zhao, former CEO of Binance, warns investors about the pitfalls of seeking fast profits in the crypto market.

user avatarGiorgi Kostiuk

Digital Asset Market in the USA: The CLARITY Act on the Agenda

chest

The CLARITY Act aims to eliminate regulatory uncertainty for digital assets in the USA. Discussions in Congress are ongoing.

user avatarGiorgi Kostiuk

Scandal Surrounding TON Foundation: CZ and UAE Visas

chest

Changpeng Zhao criticizes TON Foundation for UAE visa claims, leading to Toncoin price fluctuations and calls for regulatory oversight.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.