CandleFocus Ethereum (ETH) Whale Triggers $59 Million Selling Pressure
2024-10-01
Author: Content Editor
Ethereum (ETH) is facing negative sentiment and struggles to gain momentum as it attempts to break through to new highs. Multiple Ethereum whales have been observed selling their holdings, worth millions of dollars, hindering a potential ETH price rally. One recent whale withdrew 24,000 ETH from staking solution Lido and deposited 22,480 ETH to Coinbase, potentially triggering a price decline. Currently trading at $2,637, ETH needs to surpass the $2,600 level to ignite a sustained price rally towards the $3,000 milestone.
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