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Ethereum Price Surge to $4,000 Delayed After ETH Whale Dump?
The post Ethereum Price Surge to $4,000 Delayed After ETH Whale Dump? appeared on BitcoinEthereumNews.com. Just as Ethereum price has been showing strength above $3,500 levels, selling by Ethereum whales picked up once again. The heavy ETH offloading to exchanges by whales has caught investors’ attention on whether the profit-booking begins even before reaching $4,000. Notably, Ethereum co-founder Jeffrey Wilcke also dumped a staggering 20,000 ETH worth $72.5 million. Ethereum Price Breakout to $4000 Faces Headwinds Popular crypto analyst Rekt Capital shows the latest ETH attempt to breach the crucial $3,700 resistance. The analyst added that Ethereum price needs a strong weekly close above this level to confirm a breakout. Only after this, ETH Price rally to $4,000 and beyond can continue. Source: Rekt Capital Rekt Capital described the recent ETH price action as a “picture-perfect rejection” from the resistance, emphasizing that Ethereum is not ready to break out just yet. Another popular analyst CrediBULL Crypto points out a critical resistance level in the ETH/BTC pairing. With the recent upward momentum, this pair is approaching the first “trouble area”. The analyst suggests that a rejection at this point, coupled with a potential 10% correction in Bitcoin, could push Ethereum price toward a significant buy zone between $2,700 and $2,800. Source: CrediBULL Crypto While long-term spot holders may opt to hold through this short-term volatility, CrediBULL emphasizes that traders should watch the $2,700-$2,800 range closely for potential entry opportunities. One thing that brings some optimism is the rise of ETH’s funding rates. Funding rates, a crucial indicator of sentiment in the futures market, have seen a notable rise in recent weeks. This uptick signals growing bullish momentum among traders and investors as Ethereum’s price continues its upward trajectory. Source: CryptoQuant ETH Whale Dumping on the Rise Ethereum co-founder Jeffrey Wilcke made headlines today after transferring 20,000 ETH, valued at $72.5 million, to the Kraken exchange. The…
The post Ethereum Price Surge to $4,000 Delayed After ETH Whale Dump? appeared on BitcoinEthereumNews.com.
Just as Ethereum price has been showing strength above $3,500 levels, selling by Ethereum whales picked up once again. The heavy ETH offloading to exchanges by whales has caught investors’ attention on whether the profit-booking begins even before reaching $4,000. Notably, Ethereum co-founder Jeffrey Wilcke also dumped a staggering 20,000 ETH worth $72.5 million. Ethereum Price Breakout to $4000 Faces Headwinds Popular crypto analyst Rekt Capital shows the latest ETH attempt to breach the crucial $3,700 resistance. The analyst added that Ethereum price needs a strong weekly close above this level to confirm a breakout. Only after this, ETH Price rally to $4,000 and beyond can continue. Source: Rekt Capital Rekt Capital described the recent ETH price action as a “picture-perfect rejection” from the resistance, emphasizing that Ethereum is not ready to break out just yet. Another popular analyst CrediBULL Crypto points out a critical resistance level in the ETH/BTC pairing. With the recent upward momentum, this pair is approaching the first “trouble area”. The analyst suggests that a rejection at this point, coupled with a potential 10% correction in Bitcoin, could push Ethereum price toward a significant buy zone between $2,700 and $2,800. Source: CrediBULL Crypto While long-term spot holders may opt to hold through this short-term volatility, CrediBULL emphasizes that traders should watch the $2,700-$2,800 range closely for potential entry opportunities. One thing that brings some optimism is the rise of ETH’s funding rates. Funding rates, a crucial indicator of sentiment in the futures market, have seen a notable rise in recent weeks. This uptick signals growing bullish momentum among traders and investors as Ethereum’s price continues its upward trajectory. Source: CryptoQuant ETH Whale Dumping on the Rise Ethereum co-founder Jeffrey Wilcke made headlines today after transferring 20,000 ETH, valued at $72.5 million, to the Kraken exchange. The…
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