Ethereum's fate hangs in balance as influential whales shift assets, prompting intrigue and market speculation.
ETH faced critical support at $2,300; failure to hold this level could lead to a significant decline.Executed on the 8th of October at 08:14 AM and 08:19 AM UTC, these transactions are part of a broader trend of liquidation by the Foundation as it navigates fluctuating market conditions.This whale has reportedly offloaded over $113 million in ETH since September, adding further selling pressure to the market.
This strategy appears to be aimed at converting a portion of its digital assets into cash or stablecoins, underscoringAdding to the fray was another X user-Sweep who noted,If bullish momentum prevails and the price remains above this threshold, there is potential for a significant upward trajectory, possibly tripling its value.
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