Ethereum: 108,000 ETH Sent To Crypto Exchanges, Will Price Revisit $2,200?

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However, he asserted that if the price breaks the trendline, "we can easily see the price touching the $2100 level.” Related Reading: Aptos (APT) Jumps 11% Following Acquisition Of Japanese Blockchain Developer HashPallette Other market watchers pointed out that Ethereum must reclaim the $2,400 resistance level to see a potential bounce toward $2,800.

Crypto investor Ted Pillows noted that ETH has been "one of the most underperforming cryptos in 2024.” Despite the approval of Ethereum spot ETFs (exchange-traded funds), the crypto has “underperformed almost every large cap.” He also pointed out that ETH surged alongside Bitcoin whenever the market was up but dropped significantly harder when the market struggled.

Ethereum Whales Send Millions To Exchanges Ethereum has struggled to reclaim some key resistance levels since the October 1 correction.

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Article Details

Author / Journalist: Rubmar Garcia

Category: Crypto

Markets: United KingdomJapan

Topics: ETH whales Ethereum Ethereum Spot ETF ETHUSDT ETH Crypto trader Crypto market Bitcoin Ethereum Crypto analyst Crypto whale Ethereum Analysis

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 11:30:46 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 78 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22897353

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