Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies

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Related Reading: Ethereum At Risk Of Further Decline: Top Investor Sets $2,150 Target If Support Breaks Ethereum ICO Wallet Continues Selling Spree, Offloads 40,000 ETH In Two Weeks According to data from blockchain analytics firm, Lookonchain, an Ethereum wallet with the address "0xBF4” moved 6,000 ETH worth $14.11 million to the Kraken exchange on Friday.

This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market.

Related Reading: Crypto Capo Returns After 2 Months To Predict Ethereum Decline To $1,800, Is It Time To Go Long? 108,000 ETH Moved To Exchanges In 24 Hours Aside from the wallet address "0xBF4”, other investors have recently sold off large amounts of ETH.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Ethereum Ethereum ICO participant ETHUSDT Ethusd ETH selloff

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-05 @ 20:30:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 426 words

Reading Time: 3 minutes read

Sentences: 65 lines

Sentence Length: 7 words per sentence (average)

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

Copyright Owner: © NewsBTC

News ID: 22901080

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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