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Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next?

CoinGape LogoCoinGape11h ago

Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next? - CoinGape

Quick Summary:

Ethereum price displayed high momentum selling in August’s first week, attributed to geopolitical tensions in the Middle East.

The negative outflow trend in spot ETH ETF bolstered the bearish narrative and plunged the altcoin below $3000 on Friday.

Will the current trend continue next week, or are buyers ready to retake control?

More Pictures

Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next? - CoinGape (Picture 1)Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next? - CoinGape (Picture 2)Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next? - CoinGape (Picture 3)

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Article Details

Author / Journalist: Sahil Mahadik

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-03 @ 21:11:02 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 43 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 21909032

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About CoinGape

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 24 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 13 hours ago

Coverage Areas: India

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: #59

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The story "Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next?" has 424 words across 43 sentences, which will take approximately 2 - 4 minutes for the average person to read.

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The story "Ethereum Price Overshadows Whale Buying to Break $3000 Support, What’s Next?" was covered 11 hours ago by CoinGape, a news publisher based in India.

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The outlet is headquartered in India and publishes an average of 24 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #21909032
  • URL: https://beamstart.com/news/ethereum-price-overshadows-whale-buying-1722721344

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