Ethereum’s price has dropped to $2,598, a 1.90% decline in 24 hours.
The Ethereum Foundation sold 100 ETH for approximately 262,474 DAI.
Ethereum’s price has dropped to $2,598, marking a 1.90% decline over the past 24 hours. Meanwhile, trading volumes surged, reaching $13.31 billion, which represents a significant 30.23% increase. Additionally, the drop in Ethereum’s market capitalization by 1.49%, now sitting at $316 billion, combined with a steady circulating supply of 120.37 million ETH, raises concerns among investors. These factors point to potential further corrections.
Several large-scale whale transactions currently influence market sentiment. The most notable transfer involved a staggering 43,331 ETH, valued at over $113 million, which moved to Coinbase Institutional. This significant shift raises questions about potential large-scale liquidations or repositioning by institutional players. Consequently, this movement may contribute to Ethereum’s current do
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