Ethereum

2024

Drops

Coin

<ul class="wp-block-list news-points">
 <li><strong>Ethereum’s whale transactions hit a high as price dips, hinting at possible accumulation.</strong></li>
 <li><strong>Surge in new wallet creations suggests growing interest from retail and institutional investors.</strong></li>
 <li><strong>Increased trading volume and volatile price movements reflect cautious market sentiment.</strong></li>
</ul>
<p>Ethereum saw a surge in whale transactions, reaching a six-week high as its price dropped to $2,380 on Friday. This rise in large transactions suggests a potential shift in the market, though its impact on Ethereum’s price recovery remains unclear.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f433.png" alt="🐳" class="wp-smiley" style="height: 1em; max-height: 1em;"> Ethereum's whale activity spiked to a 6-week high as its price declined as low as $2.38K Friday. Historically, this is a sign of accumulation from high capital key stakeholders. Though not a guarantee this will have an immediate effect on prices bouncing, it is encouraging! <a href="https://t.co/zcofdvszLF" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/zcofdvszLF</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1849975890991530417?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 26, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Data from Santiment shows a rise in transactions over $100,000, coinciding with Ethereum’s recent price fluctuations. Increased whale activity brought increased volatility, with large candlestick movements on the Ethereum price chart.</p>
<div class="wp-block-image">
 <figure class="aligncenter is-resized"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcDvhwcu4yEoO8hu4HRGkvfH9e_AQ-IRe_0Qvu7pImS0BGn4XrwezqfQeH3xGueJvf_ujaYVZPvXxjrF2VlNEx4e60na3L8p4e7XDCPdGWX2_Ko-PEs38L8ILKzXHYRVrfiHzEBl9NOzjycwY41y6HXD82X?key=480rGLlmZWeHu774KJyRjw" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption"><em>Source: </em><a href="https://x.com/santimentfeed/status/1849975890991530417" target="_blank" rel="noopener noreferrer nofollow"><em>Santiment</em></a>
  </figcaption>
 </figure>
</div>
<p>This six-week high in whale transacti…</p>
<p>The post <a href="https://coinedition.com/ethereum-whale-transactions-surge-to-6-week-high-as-eth-price-drops-below-2400/" rel="noopener noreferrer nofollow">Ethereum Whale Transactions Surge to 6-Week High As ETH Price Drops Below $2,400</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Ethereum Whale Transactions Surge to 6-Week High As ETH Price Drops Below $2,400

Coin Edition

Other articles published on Oct 26, 2024

Will PEPE or XYZVerse (XYZ) Dominate 2025? Here’s What the Expert Who Predicted PEPE Thinks

XRP Hidden Indicator: The Ripple Token Could Rally Soon

Canary Capital Submits Landmark S-1 Filing for Litecoin ETF with SEC

3 Altcoins Set to Create Crypto Millionaires in the Next 6 Months: Why XRP Isn’t on the List

Emerging Coins and Market Giants: The Cryptocurrencies You Can’t Ignore

Chainlink (LINK) Sees Strong Bullish Support as Whales Accumulate 11 Million LINK

Join our free newsletter for daily crypto updates!