I doubt whales keep anything but play money on an exchange. Onchain data is long gone as a signal to follow, being highly manipulated by market makers IMHO.
coinfeeds-bot on
tldr; Ethereum is currently trading at $3,130 after a pullback from $3,434, with a decrease in exchange inflow indicating reduced selling pressure. This suggests that Ethereum bulls are optimistic about a potential rally towards $3,600. The current exchange inflow is valued at approximately $780 million, down from previous levels, indicating that most ETH holders are refraining from selling. Strong support is noted at the $3,075 level, with a potential rally if bullish momentum continues. However, increased selling pressure could risk a dip below $3,000.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
GWiz999 on
Ez $6000 Jan 2025
Odd-Radio-8500 on
It could be two things
1) Investors are looking to hold their Ethereum for the long-term.
5 Comments
These eth news seems so sketchy
I doubt whales keep anything but play money on an exchange. Onchain data is long gone as a signal to follow, being highly manipulated by market makers IMHO.
tldr; Ethereum is currently trading at $3,130 after a pullback from $3,434, with a decrease in exchange inflow indicating reduced selling pressure. This suggests that Ethereum bulls are optimistic about a potential rally towards $3,600. The current exchange inflow is valued at approximately $780 million, down from previous levels, indicating that most ETH holders are refraining from selling. Strong support is noted at the $3,075 level, with a potential rally if bullish momentum continues. However, increased selling pressure could risk a dip below $3,000.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Ez $6000 Jan 2025
It could be two things
1) Investors are looking to hold their Ethereum for the long-term.
2) Or anticipating a good increase in price.