contributor
Posted:
- Ethereum’s large transaction surge by 13%, hinting at a looming price action.
- Over 547,600 ETH worth $1.26 billion hit exchanges, stirring market excitement.
In the past three weeks, a total of 547,600 Ethereum [ETH], valued at more than $1.26 billion has been transferred onto cryptocurrency exchanges, according to a renown analyst tweet.
This significant transfer indicates heightened Ethereum market liquidity and trading activity.
Historically, when such huge numbers of any cryptocurrency begin to make their way into the exchanges, holders are looking to either sell or adjust positions, which could result in potential market volatility.
Ethereum transactions soar by 13%
According to IntoTheBlock data, Ethereum has witnessed a 13% increase in large transactions over the last 24 hours. The number of transactions involving substantial Ethereum volumes jumped from 3,070 to 3,370.
With such an increase in large transactions, it simply means that institutional investors or big holders are becoming interested in the token, hence the increasing exchanges.
Source: IntoTheBlock
Ethereum netflows skyrocket
CryptoQuant data further illustrated that Ethereum’s netflow to exchanges has seen a striking increase in the last 24 hours.
Generally, high net flow is an indicator of increased Ethereum volatility in the market, as more players are likely to cash out or speculate on changes in prices.
This adds to the existing sentiment that the market could be gearing up for significant shifts.
Source: CryptoQuant
Bulls are in control
According to Coinglass, 50.8% investors were holding long positions at press time. This slight majority indicated that market participants have been optimistic in betting on the rise in Ethereum’s price anytime soon.
Read Ethereum’s [ETH] Price Prediction 2024–2025
However, judging from the amount of Ethereum transferring to exchanges, this massive exchange flow may challenge the bullish sentiment if more sellers start flooding the market.
Source: Coinglass
Based on the recent Fed interest cuts for the first time in four years and favorable market sentiments, Ethereum prices may rally in the near future.
contributor
Posted:
- Ethereum’s large transaction surge by 13%, hinting at a looming price action.
- Over 547,600 ETH worth $1.26 billion hit exchanges, stirring market excitement.
In the past three weeks, a total of 547,600 Ethereum [ETH], valued at more than $1.26 billion has been transferred onto cryptocurrency exchanges, according to a renown analyst tweet.
This significant transfer indicates heightened Ethereum market liquidity and trading activity.
Historically, when such huge numbers of any cryptocurrency begin to make their way into the exchanges, holders are looking to either sell or adjust positions, which could result in potential market volatility.
Ethereum transactions soar by 13%
According to IntoTheBlock data, Ethereum has witnessed a 13% increase in large transactions over the last 24 hours. The number of transactions involving substantial Ethereum volumes jumped from 3,070 to 3,370.
With such an increase in large transactions, it simply means that institutional investors or big holders are becoming interested in the token, hence the increasing exchanges.
Source: IntoTheBlock
Ethereum netflows skyrocket
CryptoQuant data further illustrated that Ethereum’s netflow to exchanges has seen a striking increase in the last 24 hours.
Generally, high net flow is an indicator of increased Ethereum volatility in the market, as more players are likely to cash out or speculate on changes in prices.
This adds to the existing sentiment that the market could be gearing up for significant shifts.
Source: CryptoQuant
Bulls are in control
According to Coinglass, 50.8% investors were holding long positions at press time. This slight majority indicated that market participants have been optimistic in betting on the rise in Ethereum’s price anytime soon.
Read Ethereum’s [ETH] Price Prediction 2024–2025
However, judging from the amount of Ethereum transferring to exchanges, this massive exchange flow may challenge the bullish sentiment if more sellers start flooding the market.
Source: Coinglass
Based on the recent Fed interest cuts for the first time in four years and favorable market sentiments, Ethereum prices may rally in the near future.
where can i get cheap clomid without prescription can you buy clomid without a prescription cost cheap clomiphene without rx order cheap clomid without dr prescription can i buy clomiphene without prescription buy generic clomiphene pill order cheap clomiphene no prescription
The depth in this ruined is exceptional.
The thoroughness in this piece is noteworthy.
zithromax price – ciprofloxacin online buy flagyl tablet
buy semaglutide medication – order rybelsus 14 mg pill brand cyproheptadine
buy domperidone 10mg pill – cyclobenzaprine 15mg cheap order generic flexeril
zithromax drug – zithromax drug buy nebivolol 20mg pills
amoxiclav online order – atbio info ampicillin cheap
esomeprazole medication – nexium to us order nexium online cheap
purchase medex online – cou mamide order cozaar generic
buy mobic medication – https://moboxsin.com/ brand meloxicam 7.5mg
deltasone pills – https://apreplson.com/ buy deltasone 5mg generic
ed pills for sale – buy cheap ed pills best ed pills non prescription uk
generic amoxicillin – https://combamoxi.com/ amoxil price
buy cenforce 50mg pill – cenforce 50mg over the counter buy cenforce cheap
zantac us – zantac order online generic ranitidine 150mg
cialis 20mg price – https://strongtadafl.com/ cialis for daily use
Thanks on putting this up. It’s well done. https://gnolvade.com/es/synthroid/
cheap viagra canada online – viagra 50 mg can you buy viagra qatar
More articles like this would frame the blogosphere richer. cheap amoxicillin generic
The sagacity in this serving is exceptional. https://ursxdol.com/propecia-tablets-online/
More articles like this would remedy the blogosphere richer. https://prohnrg.com/product/priligy-dapoxetine-pills/
More delight pieces like this would urge the web better. https://aranitidine.com/fr/viagra-professional-100-mg/
I couldn’t resist commenting. Warmly written! https://ondactone.com/product/domperidone/
The thoroughness in this section is noteworthy. http://zgyhsj.com/space-uid-978084.html
order dapagliflozin online cheap – janozin.com buy dapagliflozin 10 mg online
orlistat tablet – this xenical 60mg pills