Ethereum (ETH) bounced back to $1,850 resistance on October 26.
Alameda Research and FTX swiftly moved over $59M in cryptocurrencies, including ETH, for undisclosed reasons.
Ethereum is currently trading at $1,793, marking a 0.89% decline over the past 24 hours.
Ethereum (ETH) continues to tread a delicate path, facing resistance as it attempts to break free from a descending trendline that’s been in place since April, when it reached its yearly high of $2,141. After dipping to a low of $1,536 on October 13, ETH made a rebound, surging to $1,851 by October 26, mirroring the movements of the leading cryptocurrency, Bitcoin.
In contrast to Ethereum’s struggle, Bitcoin (BTC) marked a significant rally on Wednesday, reaching a new 18-month high with a market share of $35,116. However, one disturbing news emerged in the crypto market. According to data from crypto data tracker Lookonchain, bankrupt crypto firms Alameda Research and FTX swiftly shifted over $59 million worth of assets, i
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