CandleFocus Justin Sun Deposit $146M in ETH After Massive Rally— Ethereum Eye $4000 Mark
2024-12-05
Author: Content Editor
Tron founder Justin Sun's team has transferred 41,630 ETH, worth $146 million, to centralized exchanges, sparking speculation about their motives. The majority of the funds, around 39,000 ETH, were sent to HTX exchange, while 2,630 ETH were sent to Poloniex. These transfers have raised questions about whether Sun is cashing out profits or preparing for a larger move. Ethereum recently broke through the $3,800 level and is eyeing $4,000 as its next critical resistance level. Chart analysis suggests that if ETH can break through $3,920 and $3,950, it may reach $4,000 and potentially even higher.
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