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Whale Panic Fails to Dent ETH as Price Rebounds 20% From $3K Lows


Whale Panic Fails to Dent ETH as Price Rebounds 20% From $3K Lows

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  • A significant Ethereum price crash last week was driven by 23 large whales selling or redistributing their holdings.
  • The sell-off saw the number of whales holding >10,000 ETH drop from 1,262 to 1,239, breaking key support at $3,354.
  • Despite the whale capitulation, the market absorbed the selling, bouncing 20% from the $3,000 level to reclaim $3,550.

Renowned cryptocurrency analyst Ali Martinez has spotted an ongoing ETH sell-off by whales. In his latest post on X, the analyst stated that 23 of the largest Ethereum whales have sold or redistributed their holdings in the past week.

Related: Ethereum Exchange Supply Hits 1-Year Low as Whales Increase Holdings by 52%

Ethereum’s Massive Whale Selloff…

Read The Full Article Whale Panic Fails to Dent ETH as Price Rebounds 20% From $3K Lows On Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 0.0672

-6.91%

$ 1.76K

-3.41%

$ 0.00789

-6.74%

$ 0.0000369

+0.41%

$ 0.00...361


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Share:

In This News

Coins

$ 0.0672

-6.91%

$ 1.76K

-3.41%

$ 0.00789

-6.74%

$ 0.0000369

+0.41%

$ 0.00...361


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