Ethereum

Hope

Rekt (rektarb.xyz)

Rekt

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-price-faces-challenges-as-whales-increase-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Faces Challenges as Whales Increase Sales</a><br></p>
<p style="text-align: justify">Ethereum’s price remains above the $3,500 mark, yet significant sell-offs by large holders have re-emerged. The heavy selling of ETH by whales on exchanges raises concerns among traders about whether the price can reach $4,000 before profitability begins. Notably, Ethereum co-founder Jeffrey Wilcke has listed 20,000 ETH for sale, amounting to a value of $72.5 million.</p>
<h2 id="ethereum-s-journey-to-4-000-encounters-obstacles">Ethereum’s Journey to $4,000 Encounters Obstacles</h2>
<p style="text-align: justify">Popular <a href="https://en.coin-turk.com/analysts-share-latest-cryptocurrency-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow"></a><a href="https://en.coin-turk.com/bitcoin-and-altcoins-face-short-term-bear-pressure/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> analyst Rekt Capital has evaluated Ethereum’s attempts to break the crucial $3,700 resistance level. He stated that Ethereum needs a strong weekly close above this level. However, Rekt Capital described the latest price movement of ETH as “perfectly rejected by resistance,” emphasizing that Ethereum is not yet ready for a breakout.</p>
<blockquote>
 <p>Rekt Capital: “Ethereum is not yet ready for a breakout.”</p>
</blockquote>
<h2 id="whale-sales-of-eth-surge">Whale Sales of ETH Surge</h2>
<p style="text-align: justify">Ethereum analyst CrediBULL Crypto pointed out a critical resistance level in the ETH/BTC pair. With the recent upward momentum, this pair approaches its first “troublesome area,” where the analyst indicated a potential rejection could push Ethereum’s price down to a significant buying range of $2,700 to $2,800.</p>
<blockquote>
 <p>CrediBULL Crypto: “Traders should closely monitor the $2,700 to $2,800 range.”</p>
</blockquote>
<p style="text-align: justify">In the face of short-term volatility, long-term spot investors may choose to hold their positions, while CrediBULL advised traders to watch the specified range for potential entry opportunities.</p>
<h2 id="rising-funding-rates-offer-hope">Rising Funding Rates Offer Hope</h2>
<p style="text-align: justify">The increase in ETH’s funding rates has been recognized as a significant indicator of sentiment in the stock market, showing remarkable growth in recent weeks. This rise signals growing optimism among traders and investors as Ethereum’s price continues to trend upward.</p>
<h2 id="significant-sales-by-ethereum-founders">Significant Sales by Ethereum Founders</h2>
<p style="text-align: justify">Jeffrey Wilcke, a co-founder of Ethereum, has sold a total of 44,300 ETH this year, valued at approximately $148 million. Additionally, Winslow Strong, director of the Qualia Research Institute, transferred 9,380 ETH to <a href="https://en.coin-turk.com/upbit-lists-pepe-and-brett-meme-coins/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a> just two hours ago.</p>
<p style="text-align: justify">At the time of writing, Ethereum’s price had fallen by 1.27% to $3,570, with daily trading volume dropping below $30 billion. According to Coinglass, the 24-hour liquidation amount surged to $32 million. These developments in the Ethereum market effectively direct traders’ attention toward whale movements and market dynamics, as increased whale selling could lead to significant short-term price fluctuations, while long-term trends remain to be seen.</p>
<p>The post <a href="https://en.coin-turk.com/ethereum-price-faces-challenges-as-whales-increase-sales/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Price Faces Challenges as Whales Increase Sales</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Ethereum Price Faces Challenges as Whales Increase Sales

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