Ethereum Price Crash On Cards? $25M Sell-Off Sparks Fear of Further Decline

Quick Summary:

According to LookonChain data, the sale was executed across multiple platforms, including FalconX, Cumberland, Wintermute Trading, and B2C2 Group.

This large liquidation has fueled concerns within the crypto community, especially as it coincides with a broader decline in institutional buying interest.

If Ethereum fails to hold the $2,500 support level, it could trigger a sell-off toward the $2,000 mark.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Elena R

Category: Crypto

Markets: United States

Topics: News Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-13 @ 11:07:30 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 423 words

Reading Time: 3 minutes read

Sentences: 38 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 22064261

View Article Analysis

About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 18 posts per day

Year Established: 2016

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

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions