Ethereum Price Risks Falling As Whales Dump $60M ETH

Quick Summary:

According to recent reports, the whales have offloaded around $60 million in ETH to Binance and Coinbase, hinting that the crypto might face downward pressure ahead.

Ethereum price has regained momentum today, but the recent whale movements raise concerns over a potential slump ahead.

Simultaneously, another whale with wallet address “0x968…3c625” sent 12,675 ETH, worth about $33.10 million, to the Coinbase exchange.

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Article Details

Author / Journalist: Rupam Roy

Category: Crypto

Markets: India

Topics: ETH price Ethereum (ETH) price Ethereum whales 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-17 @ 16:01:09 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 444 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 12 words per sentence (average)

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

Copyright Owner: © CoinGape

News ID: 22118042

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