Ethereum faces supply overhang as China eyes $1.3B ETH sale – What now?

Quick Summary:

These deposits have triggered a surge in Ethereum exchange reserves to a three-week high.

Ethereum [ETH] traded at $2,401 at press time after a nearly 2% price drop in 24 hours.

In the last 24 hours, the total number of ETH held on exchanges has increased by more than 110,000 tokens to reach the highest level in three weeks.

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Article Details

Author / Journalist: Muthoni Mary

Category: Crypto

Markets: United StatesChina

Topics: Social Trading View Ambcrypto News Altcoin News 1 Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-11 @ 02:00:06 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 581 words

Reading Time: 4 minutes read

Sentences: 34 lines

Sentence Length: 18 words per sentence (average)

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

Copyright Owner: © AMBCrypto

News ID: 22990763

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 25 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #103

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