Ethereum

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Tron (TRX) founder Justin Sun, one of the most important names in the cryptocurrency industry, is widely talked about with his altcoin purchases and sales.
At this point, Sun started selling after the rise in the market, especially Ethereum.
After the Ethereum price recorded a strong rally last week, rising 29% to $3,200, Tron founder Justin Sun sold some of his ETH investment.
According to Spot on Chain’s post, Sun deposited 19,000 ETH (worth around $60.83 million) into HTX at a price of $3,202.
This sale of 19,000 ETH was part of the 392,474 ETH that Justin Sun collected across three wallets between February 8 and August 5.
Sun's average purchase price was reported as $3,027, while its estimated total investment was reported as $1.19 billion.
Considering Sun’s large investment in ETH, this sale is quite small compared to Sun’s total ETH holdings, so experts noted that there is no major concern and risk in terms of price.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Justin Sun (<a href="https://twitter.com/justinsuntron?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@justinsuntron</a>) appears to be cashing in on <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> amid the latest market rally!
 15 hours ago, he deposited the first 19,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> ($60.83M) to HTX at $3,202.
 This was part of the net 392,474 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> he allegedly acquired at an average price of $3,027 (est. cost: $1.19B)… <a href="https://t.co/976PXgoJ80" rel="noopener noreferrer nofollow">https://t.co/976PXgoJ80</a> <a href="https://t.co/UCNpE0vnVp" rel="noopener noreferrer nofollow">pic.twitter.com/UCNpE0vnVp</a>
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1855797478379118668?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">November 11, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="how-will-ethereum-price-move">How Will Ethereum Price Move?</h2>
While Justin Sun has started taking profits on Ethereum, popular analyst Michael van de Poppe noted that the ETH price may face some resistance around $3,200 before further increases.
However, Poppe added that he expects the Ethereum ecosystem to perform better in the coming months.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/the-rally-has-started-tron-founder-justin-sun-started-selling-profit-from-the-altcoin-he-patiently-saved-for-6-months/" rel="noopener noreferrer nofollow">The Rally Has Started, Tron Founder Justin Sun Started Selling Profit from the Altcoin He Patiently Saved for 6 Months!</a>

The Rally Has Started, Tron Founder Justin Sun Started Selling Profit from the Altcoin He Patiently Saved for 6 Months!

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