Ethereum whale activity has surged to a six-week high. While significant it doesn't guarantee an immediate price bounce.
was grappling with its toughest market cycle yet, posting a weekly decline of over 6%. As the worst performer among the top five altcoins, this downturn prompts critical questions about its future.and evolving market dynamics, Ethereum’s resilience will undergo a significant test in the coming weeks, especially as there is…Historically, a spike in the Margin Lending Ratio has triggered forced selling, resulting in a price decline until the ratio returns to normal levels.
If prices begin to fall, traders who borrowed funds may need to sell their assets quickly to cover their loans, causing further price drops. This repeated testing reinforces the idea that the current price may present a solid dip-buying opportunity.
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 whale sells 19K ETH : Is a deeper pullback on the way?Ethereum whale has dumped 19K ETH, worth $47.5M. This particular activity has instilled fear among stakeholders.
Read more »
Ethereum faces downward pressure as whale dumps $12 mln ETHEthereum ICO-era whale dumped over $12 million ETH on Kraken on Tuesday and has sold-off over $100 mln ETH since September.
Read more »
Ethereum: Profit-taking stalls potential rally – Will ETH see $4K?Ethereum futures surge 40% in volume as profit-taking slows bullish momentum. Key support and resistance levels to watch.
Read more »
Ethereum (ETH) Trades at Critical Levels, Bullish Signals Point Towards $3,200 TargetEthereum (ETH), the market's second-largest cryptocurrency, is currently trading near crucial support and resistance levels. Market sentiment remains optimistic, with significant whale activity suggesting a potential break above the $2,700 resistance level, targeting a price of $3,200.
Read more »
Ethereum dominance dips – Is ETH poised for a rebound or decline?While the total market cap of cryptocurrencies, excluding stablecoins is in an uptrend, Ethereum dominance in this market is declining.
Read more »
Why Ethereum’s fees dropped, and what it means for ETHAfter the Decun upgrade, Ethereum [ETH] witnessed major changes in the ecosystem. Because of this, ETH’s fees hit an all-time low.
Read more »