Ethereum whales acquired 340,000 ETH, valued over $1 billion, suggesting strategic bulk purchases during price dips.
ETH might have completed its correction as the Long Term Trend Directions is strongly bullish.whale activity contrasted with its price, showing significant buying during the downturn.
The price successively retested the Tenkan and Kijun lines of the Ichimoku Kinko Hyo indicator, suggesting a stabilization. Again, the Long Term Trend Directions score the year could end at a strong bullish level of 0.82, suggesting a positive long-term outlook.Ethereum started a consistent climb, coinciding with the LTTD score maintaining above 0.5, indicating sustained buyer interest.The sharp decline in the LTTD score in July corresponded with a price drop, showing a short-term bearish phase.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum bulls have a decision to make as ETH drops below $3.8KAs the market condition remained bearish, Ethereum [ETH], like most other cryptos, also witnessed corrections.
Read more »
Ethereum whale scoops up 5K tokens: Will it shake up ETH prices?Ethereum whale withdraws 5160 tokens worth $20 million from Binance. ETH has made a moderate recovery rising by 3.7%.
Read more »
Whales transfer Ethereum worth $217.4M: Gauging ETH’s reactionEthereum whales transfer 120,000 tokens worth $217.4 million in 24 hours. ETH has surged by 2.67% over this period
Read more »
Vitalik Buterin donates ETH worth $1.07M: What’s next for Ethereum?Vitalik Buterin donates 320 ETH tokens worth $1.07 million. ETH has surged by 1.09% over the past 24 hours
Read more »
Ethereum shows high demand, but how low can ETH go before a reversal?The $3886 price zone of Ethereum favored bids by 10%, suggesting a stronger buying interest than selling pressure.
Read more »
Ethereum whales accumulate $1 billion in ETH: Sign of a rally?Ethereum whales are making waves with a $1 billion ETH purchase. Can ETH maintain its momentum or face a correction?
Read more »