Ethereum Slips To $2,350 As Whales Make Exchange Inflows Worth $751 Million

Quick Summary:

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently.

Ethereum Exchange Netflows Have Been Positive Recently According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently.

On the other hand, the negative indicator implies that a net amount of BTC is being transferred from exchange-related addresses.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Ethusd Ethereum exchange inflows Ethereum Plunge Ethereum Whales Ethereum Ethereum Bearish ETH Ethereum Selling

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-07 @ 10:00:33 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 399 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 13 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 22397184

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About Bitcoinist

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Official Website: bitcoinist.com

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Year Established: 2014

Headquarters: Hungary

News Last Updated: 11 hours ago

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