CandleFocus The price of Ethereum in danger due to a large balena
2024-10-03
Author: Content Editor
The price of Ethereum (ETH) has been steadily declining since the end of September, reaching just over $2,300. This downward trend is continuing into October. The current price is significantly lower than its all-time high of nearly $4,900 in November 2021. The recent decline in Ethereum's price is attributed to an increase in selling pressure. The selling pressure is consistent with that of the previous month and is lower than that of August. One factor influencing the selling pressure may be a whale that has been continuously selling Ethereum for the past two weeks. This whale had acquired 150,000 ETH during the ICO in 2014 and is now selling large quantities at a time. The selling activity of this whale, along with the emergence of potential competitors like Solana and TON, may be causing fear and contributing to the selling pressure. Despite the potential for a new bull run in the future, Ethereum holders may be diversifying into other cryptocurrencies to seize better opportunities. This trend suggests that Ethereum's absolute dominance in decentralized finance may be facing challenges in the long term.
Related News
? BlackRock sees Bitcoin volatility continuing to fall An Unknown Detail Emerges in the XRP-SEC Case: SEC Still Hasn’t Done What’s Expected, What Does It Intend? BNB Price Faces 12% Potential Decline Amid Strong Downtrend Suspicious arrest of crypto scam reporter, Japan’s pro-crypto PM: Asia Express What’s the Demand for Bitcoin After Iran’s Israeli Tensions? Analysis Company Shares What They Expect Geopolitical tensions, US elections favor Bitcoin ‘debasement trade’: JPMorgan Bullish Bitcoin traders switch sides and target new BTC lows under $60K Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops Telegram Game 'Rocky Rabbit' Returns With New Rewards After Airdrop Austan Goolsbee, Senior Fed Official, Makes Hot Statement on Inflation and Interest Rates in the US The Decentralization Debate: Is Solana's Future In Jeopardy? Mark Cuban, Previously Known to be a Dogecoin Fan, Made Unexpected Statements About DOGE What is the labor market signaling? Checking the data before tomorrow’s jobs report NFT Mania Is Back? Maybe Not, but a CryptoPunk Just Sold for a Record $56.3M Election outcome and SEC appeal to decide XRP ETF future Indian tech magnate teases Solana-built ‘finternet’ for an economy onchain OKX and Axelar launch tech development stacks CryptoPunks, Guild of Guardians, and DogeZuki Emerge as Top NFT Collections for October World Mobile Token Adopts Chainlink CCIP—Boosting Blockchain-Powered Mobile Networks Crypto Analyst Says Solana-Based BONK Is In Prime Position For Legendary Rally Will Sonic Token Airdrop Boost User Engagement? Meet CEO Krzysztof Gagacki: The Visionary Behind AirMoney and Its Sleek, Futuristic DeFi Hardware Analyst Says One Altcoin Primed To Crash by Over 75%, Updates Outlook on Bitcoin, Stacks and Eigenlayer 'Prediction markets work better' for forecasting elections, Kalshi CEO Tarek Mansour says Bitcoin vs. Gold: BTC Loses Ground as Central Banks Drive Gold to Record Highs PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoin JPMorgan Pours Cold Water on Ethereum Dogecoin (DOGE) Price at Risk: Bearish Indicators Signal Downtrend Ahead Mass Liquidations Impact Over 100,000 Traders Amid Crypto Market Downturn Hamster Kombat Price Eyes 100% Rebound Amid Market Correction: Is New Peak Near? Pepe Price Plunges 10% As Arthur Hayes Faces Steep Memecoin Losses – What's Next? Ethereum Dominates DePIN Sector, Powers 57.5% of All Projects Election Fever Pushes Polymarket to $533M in September, Setting New Records Ethereum price falls 12% in 2 days — Are investors running out of reasons to hold ETH? Cardano’s Prism Becomes Hyperledger Identus: A Decentralized Identity Framework Bitcoin (BTC) Shows Buy Signal, but Downside Risk Remains Why You Should (Still) Care About Silvergate Solana (SOL) Price Enters ‘No Go Area,’ Points to Sub-$130 Levels Chainalysis CEO steps back for 'personal issue' after a decade of service Bitcoin investors in ‘better position’ as onchain metrics signal market shift — Glassnode Lucky Meme Coin Trader Turns $140 Into $450,000 in 24 Hours HBO documentary to uncover Bitcoin’s creator Satoshi Nakamoto next week Andre Cronje says someone stole his code to build a $1B DeFi project As Bitcoin (BTC) Continues to Fall, Four Altcoins Separated Positive From the Market! Here Are the Stars of the Day! Monero Allies With Ripple in the XRP SEC Case Solana Hits Critical $137 Support: Can Bulls Prevent A Breakdown? Bitcoin miner CleanSpark grew its hashrate by 187% over the past year SHIB Insider Defends BONE and LEASH From Critics Solana Killer Aptos Outperforms Market: Reasons Bitcoin demand slumps amid Middle East tensions, analysts cite selling pressure Binance derivatives market share shrinks to 2020 levels as CEX trading slumps Meta shows off Web3-to-reality bridge with ‘Hyperscape’ metaverse demo Nakamoto Speaks: Dogecoin Creator Reacts to Crypto Market Bloodbath Polkadot Introduces Decentralized Nodes Program to Empower Validators Whales transfer funds to JustLend DAO on TRON JUST IN: Coinbase Futures Announces New Altcoin Listing – Surprise Token to be Listed Michael Saylor Calls Bitcoin 'Lightning in a Bottle' as BTC Drops 7% Focusing too much on Bitcoin Uptober is a ‘mistake,’ says crypto trader DOGE Price Prediction for October 3 Pro-XRP Lawyer Details Potential Timeline and Process of SEC v. Ripple Appeal Stacks Looks Strong: Could STX Rally to its Previous ATH? Kraken's 24/7 Derivatives Platform in Bermuda Obtains Regulatory Approval IMF says bitcoin remains key element in El Salvador program talks Analysts Said "This Cycle in Bitcoin is Different from Others, the Peak Will Come Early", Gave a Date for the Peak! Relm Insurance Introduces BTC-Denominated Policy for Bitcoin Miners Riot Platforms mined 412 Bitcoin in September Bitcoin dumps as Biden supports Israel hitting Iran oil facilities 2 Reasons Why PEPE Long-Term Holders Might Trigger a 35% Price Drop Coin98 And Xterio: Pioneering the Future of Web3 Gaming X Empire’s Chill Phase: 75% Community Airdrop Thrills Fans JPMorgan says geopolitical risk could drive investors to gold and bitcoin What’s Driving Gary Gensler’s Crypto Agenda? ‘He’s Got Some of That Elizabeth Warren in Him’, Says Mark Cuban Bitwise Up, SEC Down: XRP is in turmoil! What's Next for XRP? Santiment Evaluates! XRP Price Prediction for October 3 Bitcoin All-Time High Loading Despite Bearish Pressure, Predicts Analyst Wall Street Isn't Bitcoin Only – More Crypto ETFs Are Coming Bitcoin price dip below $60K sparks most exchange buying since 2022 From 9 Trillion SHIB to 5 Trillion SHIB: What's Happening With Shiba Inu? What Happens to Shiba Inu Price if Solana Hits $2,000? 7,240% Bitcoin Gains Made by Dormant BTC Whale as 'Uptober' Kicks Off SUI Price Faces Potential 10% Drop Due to Market FOMO Solana price nears death cross as weekly DEX volume rises 46% Raydium LaunchesTeleport for Quick Cross Chain Token Transfers Partnership between the bank BBVA and Visa: stablecoin ready for launch 3thix and Avalanche Unite to Democratize Web3 Gaming Economy For Advertisers and Improve Experience For Consumers Bitcoin advances timeline to replace fiat as the global reserve currency Axie Infinity Burns 15.1M SLP with Meta Morphing in Origins Bitcoin stabilizes at crucial support after major crash Bitdeer reports 66% decline in self-mined Bitcoins YoY XRP Liquidations Not as Bad as Expected Is Shiba Inu (SHIB) Headed For a Rektober or an Uptober? APT Surges 7% After Aptos Acquires Japanese Blockchain Developer HashPalette Cardano Creator Speaks Out on 'XRP Case' Appeal: New Crypto Test Incoming? VeChain Community Raises Concerns Over Strategic Direction: Is VeBetterDAO Diverting Focus From VET? Crypto.com achieves PCI DSS v4.0 certification Bullish Bitcoin 'Uptober' Tweet From NBA Legend Who 'Talks' to Satoshi VIVEK: Bitcoin Lightning Payments Has a Long Way To Go In India Massive Cardano (ADA) Price Drop: Community Speaks Out Ethereum Game 'Moonray' Expanding to Mobile With New Auto-Battler Mysterious ‘7 Siblings’ Make Waves with $66M Ethereum Buy Binance Labs invests in ZKsync 'elastic chain' Sophon in token round 60 Million XRP Sent to Top Crypto Exchanges, What Happened? EigenLayer (EIGEN) Crashes 20% After Listing – Transparency Criticism Grows Confirmed Telegram Airdrops for Mini-Games in 2024 Here’s How Much Your 10K XRP Would be Worth if XRP Hits $2, $6, $10 or $50 Banks To Join Swift Digital Asset Trials In 2025 Trump, missiles, and a world on the brink: Polymarket’s biggest predictions for the next few months Is Bitcoin Price Correction Over? Chainlink Price Plunges 13% A Week: Will the Bearish Trend Continue? RWA Platform Credbull Rolls Out Up to $500M Private Credit Fund with Fixed High Yield on Plume Network Liquid Restaking and RWA Tokens Surge, DeFi and DEXs Falter Top Lawyer Highlights 7 Key Insights About SEC Appeal Against Ripple Crypto Prices on Oct 3: BTC, ETH, SOL, & XRP Fall As Middle East Tensions Rise Flare Faces 7% Drop After 100-Day EMA Rejection: Can Bulls Push Beyond $0.016? Ethereum traders pricing in ‘more extreme movements’ ahead of US election Grayscale Rolls Out Aave Fund Visa unveils platform for tokenized digital asset management Ripple Partners With Brazilian Exchange Mercado Bitcoin to Offer Business-Focused Payments Solution Convex Finance (CVX) Reaches All-Time Low as Losses Galore Cardano’s Midnight Testnet Fails to Move Holders, ADA Eyes 21% Decline 3 Dogecoin (DOGE) Price Levels to Watch After Catastrophic Crash Bitcoin could crash to $52,000 if this happens Crypto Analyst Benjamin Cowen Issues Ethereum Warning, Says ETH Could See Bearish Q4 If History Repeats Binance warns of crypto market risks from overvaluation, centralization Cardano Price Prediction As ADA Overtakes SOL Bitcoin Exchange OKX Announces Listing of a New Stablecoin! Here Are the Details Ripple v SEC: Critical Appeal Dates XRP Community Can't Miss Shibtoshi Says Shiba Inu Can Sustain Recent Price Surge Beeple’s first solo exhibition will premiere at China’s Deji Museum RENDER falls 13% in 24-hour trading, lowest all week Toncoin Likely Stuck Below $6 Until the End of October – Here’s Why Shiba Inu (SHIB) Burn Rate up 229% as Price Push for Breakout Bitcoin bull cycle outpaces historical patterns by 100 days: Report AI predicts XRP price for October 31, 2024 Crypto Billionaires in South Korea: Young Investors Hold $739 Million SUI Bull Run at Risk: Indicator Signals Likely 20% Crash to $1.50 Top Free Crypto Airdrops That Pay Instantly for October Vitalik Buterin supports lowering Ethereum solo staking requirement WazirX forms Committee of Creditors as 13% of users claim to 92% of funds The rise of privacy coins: We only care when privacy is at risk | Opinion BNB price is set for decline if it closes below key support level Ethereum ICO Whale Offloads Another 19,000 ETH Amid Ongoing Selloff Geopolitical risks could drive bitcoin below $60,000, creating buying opportunity, Standard Chartered analyst says Binance-listed NEIRO locked its X account Injective Onboards More Users, Activity Soars Over 2,000% XRP Still on Track to Reach $6 Despite SEC Appeal: Here’s Why FLR leads top altcoins in 24-hour gains despite market wide selloff XRP Healthcare Partners with Foventa for Africa’s Leading Healthcare Expo More trouble for Worldcoin as OpenAI faces mass exodus Analysts See Path for Solana to Surpass $260 Peak in Coming Months Crypto market liquidates $272 million in 24 hours as Bitcoin drops to $60k XRP Sees Spike in Whale Activity Top Free NFT Giveaways and Airdrops for October 2024 Solana Price Dips Below $142: Is This the Bottom for SOL? The price of Ethereum in danger due to a large balena Kamala Harris's Tax Plan Could Trigger Crypto Market Sell-off R. Kiyosaki reveals why Bitcoin will be the end of ‘fake money’ Crypto Markets Bleed $150 Billion in 2 Days as Bitcoin (BTC) Slumps Toward $60K (Market Watch) Binance May Soon Delist These 5 Altcoins: Everything You Need to Know Bitcoin traders stress ‘bullish’ market while BTC price threatens $60K XRP Drops 10%, Nears 2-Month Low as SEC Files Appeal Against Ripple Analyst Justin Bennett Issues Bitcoin Alert, Says BTC Could Plunge Lower Before Bouncing – Here Are His Targets Bitcoin Exchange OKX Shares New Altcoin Listing Announcement! MARA Stock: Shares of Wall Street's Biggest Crypto Miner Set to Surge 50% US citizen files lawsuit over pig butchering crypto scam Litecoin Now Available on MoneyGram App, Alongside BTC and ETH Using a Bitcoin wallet for CDBC remittances Ethereum (ETH) Price Eyes $2,600, Could Trigger $700 Million Short Squeeze Bank of Russia: the digital ruble will not exert inflationary pressures BONK Fails to Secure 92% Rally – Here’s What’s Coming for Price Metaplanet adds BTC holdings after put options sale with QCP Capital Ethereum Price Grinds Lower: Is the Bullish Momentum Fading? The Top 5 Crypto Sectors Driving the Market in October 2024 Tech Expert Says Solana is Centralized, What’s Next For SOL Price? Top 5 Altcoins to Watch in October: SEI, TAO, WORM, SUI, LINK How to Create a Token on Base Blockchain: No Code Guide Australia requires VASP license under new rules XRP Price Turns Red: Can Bulls Stop the Slide? Internet Computer price poised for a rally if the key support level holds USDC Whale Alert: 50 Million USDC Minted, Circle Expands Access Bitcoin holds steady at $61K as whales buy despite geopolitical tension Meme Coins Are Wild: BONK, PEPE, WIF, BRETT Prices Swing SWIFT to trial live digital currency transactions next year Analyst Predicts Parabolic Rally for One Memecoin, Says Altcoin in Prime Position for ‘Turbo Green’ Week Aerodrome tops $1 billion in deposits, dominating DeFi on Base Trump Vows Once Again to 'Save' Silk Road Founder Ross Ulbricht Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case US spot bitcoin ETFs saw $91 million in net outflows yesterday, led by Ark’s ARKB XRP's 'Bearish Skew' Persists Amid 10% Price Slide Following SEC Appeal and ETF Filing Aptos Labs enters Japan through HashPalette acquisition Taiwan's FSC drafts new crypto AML rules, requiring firms to register or face jail time Uruguay Passes Cryptocurrency Law Tokenized funds get preliminary approval to be used as collateral in the US Traders turn to Dogizen as Catizen and Hamster Kombat tank Bitcoin Price Poised for a Fresh Rally, Unless This Level Breaks LayerZero Labs, Eigen Labs raise the stakes on cross-chain transactions Token Unlock Trends: Why Some Sectors Rise and Others Sink Ethereum could bounce off key support level as Middle East crisis weigh on crypto market Xaman 3.0 Unveils Universal Transaction Signing and Monetization Ethereum Strategy Game 'Shardbound' Open Beta Hitting Steam, Epic Store Ripple CEO on SEC appeal: ‘We’ll fight in court for as long as we need’ How Bitcoin Price Might Move After Iran-Israel Tensions Analytics Company Shares Historical Data Ethereum Options Volatility Outstrips Bitcoin’s as US Election Looms. Why it Matters Here’s Shiba Inu Price if Solana Reaches $1,000 Criminals Continue to Prefer Cash in 2024, Not Crypto Bitcoin Surges to $66k: New Higher High Signals Market Shift BlackRock and Fidelity’s Bitcoin ETFs Emerge as Top Performers of the Decade Cross-Chain Bridges Hit New Heights in Crypto Trading Volume XRP Price Crashes 12% as SEC Appeals in the Ripple Lawsuit Dogecoin (DOGE) Rally Over With 18% Decline, Toncoin (TON) Stronger Than You Think, Solana (SOL) Bounces off of Two Essential Support Levels https://cointelegraph.com/news/bitcoin-forming-three-blind-mice-trading-pattern-peter-brandt?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound Crypto That Will Be Used by Banks: The Rise of Stablecoins and Their Role in the Financial Sector Chainalysis: Stablecoins represent 40% of crypto economy in Sub-Saharan Africa Crypto Shake-Up: 2025’s Game-Changing Trends And How They’ll Revolutionize Your Trading Game Dogecoin vs Shiba Inu: What’s the difference? Token Unlock Trends: Why Some Sectors Rise and Others Sink CFX Price Jumps 10% As Conflux Unveils New Roadmap Bitcoin Price Could Drop To $57k Amid Israel's 'Imminent' Attack Donald Trump Ties With Kamala Harris As Election Betting Becomes Legal Best Crypto with Huge Growth Potential Exploring the Advantages of Leading Platforms North Korea’s Crypto Scheme: IT Worker Disguise Funds Military Tron Network posts record $577M revenue in Q3 BlackRock stands alone as the only ETF to buy Bitcoin on Oct. 1st The Most Viewed Cryptocurrencies: Unleashing the Power of Wrapped Dog and Meme Coins! North Carolina Bitcoiners set up Hurricane search and rescue operation Best Upcoming Unlocks: Layer-1 & Layer-2 Solutions Driving the Next Blockchain Revolution Celestia (TIA) May Slip to $3.72 as $1 Billion Token Unlock Looms Ondo Finance and BiLira Kripto Partnership Brings Tokenized Yield to Turkish Investors Wormhole (W) Price Climbs By 25% Following Debut on South Korean Exchange Bitcoin Holds Critical 21-Week EMA Support as Traders Eye $66,000 Resistance