Whale Alert reported a transfer of 16,000 Ethereum tokens to OKEX.
Collective ETH price was $72,406,772 at the time of transfer.
Technical analysis hints at the bullish future of ETH.
A whale transferred a huge number of Ether tokens to OKEX. This has sparked speculation about ETH price decline. The transfer comes at a time when the ETH price is going through a decline. However, long-term speculation is bullish, and all eyes are on the Spot Ether ETF data to draw more conclusions.
Massive Ethereum Token Transfer
According to data by Whale Alert, 16,000 Ethereum tokens were transferred from an unknown wallet to OKEX. Their collective value is estimated to be $72,406,772 at the time of transfer. This move has sparked concerns over a further decline in the ETH price.
Source: Whale Alert
ETH price is currently down by 2.74% with Ethereum tokens exchanging hands at $4,534.81 when the article is being drafted. However, the current trading value of the token is still up by 5
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