• Galaxy Digital’s $10.24M ETH withdrawal highlights market impact.
• Ethereum’s price dips to $2,736, with key support at $2,730 and resistance at $2,750.
• RSI at 44.58 suggests Ethereum is slightly oversold with MACD indicating possible decline.

Galaxy Digital recently pulled a sizable 3,735 ETH from Binance. This withdrawal, worth about $10.24 million, happened when Ethereum was trading at $2,740 per token. This move boosts Galaxy Digital’s Ethereum holdings on the blockchain to 63,984 ETH, a hefty $175 million.

As a result, Ethereum’s price saw some swings in the last 24 hours, reflecting the broader market. It climbed near $2,790 but then dropped back below $2,750. This upward movement, however, was short-lived as the price subsequently dropped, slipping below the $2,750 mark. 

As at press time, Ethereum price is hovering around $2,736.12, down by 0.52% over the past day. The market now exhibits signs of stabilization, though the downward pressure has not entirely dissipated.

Key support and resistance levels are important to understand where the price might go next. Ethereum currently has support at $2,730, a level it’s tes…

The post Ethereum Price Dips as Galaxy Digital Moves Millions appeared first on Coin Edition.

• Galaxy Digital’s $10.24M ETH withdrawal highlights market impact.
• Ethereum’s price dips to $2,736, with key support at $2,730 and resistance at $2,750.
• RSI at 44.58 suggests Ethereum is slightly oversold with MACD indicating possible decline.

Galaxy Digital recently pulled a sizable 3,735 ETH from Binance. This withdrawal, worth about $10.24 million, happened when Ethereum was trading at $2,740 per token. This move boosts Galaxy Digital’s Ethereum holdings on the blockchain to 63,984 ETH, a hefty $175 million.

As a result, Ethereum’s price saw some swings in the last 24 hours, reflecting the broader market. It climbed near $2,790 but then dropped back below $2,750. This upward movement, however, was short-lived as the price subsequently dropped, slipping below the $2,750 mark. 

As at press time, Ethereum price is hovering around $2,736.12, down by 0.52% over the past day. The market now exhibits signs of stabilization, though the downward pressure has not entirely dissipated.

Key support and resistance levels are important to understand where the price might go next. Ethereum currently has support at $2,730, a level it’s tes…

The post Ethereum Price Dips as Galaxy Digital Moves Millions appeared first on Coin Edition.