Ethereum

Status

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-whales-continue-to-stir-the-crypto-market/" data-wpel-link="internal">Ethereum Whales Continue to Stir the Crypto Market</a><br></p>
<p style="text-align: justify">Ethereum whales have always occupied the market with their attention-grabbing movements. As the ETH price rose above $3,000 and then retracted, a transaction by a whale kept the crypto market busy. According to data provided by Spotonchain, the purchase of 65,000 ETH by an unknown whale appeared to hold a significant place in the global crypto market.</p> 
<h2 style="text-align: justify" id="current-ethereum-status">Current Ethereum Status</h2> 
<p style="text-align: justify">February has been a promising month for Ethereum and its investors as the altcoin hosted a major surge due to the anticipated spot ETH ETF, which has been a hot topic in the crypto world.</p> 
<p style="text-align: justify">At the time of writing, according to data from CoinMarketcap, there has been a noticeable rise in the ETH price within the last hour, and this has once again sparked discussions about the effect of whale accumulation on ETH’s price movement.</p> 
<p style="text-align: justify">This rise in ETH price has created a noticeable price effect in the broader crypto market, as seen in today’s ETH price increase, due to a significant reduction in the circulating token supply.</p> 
<p style="text-align: justify">Michael van de Poppe and some analysts continue to emphasize that ETH could rise further in the upcoming period.</p> 
<h2 style="text-align: justify" id="eth-whale-and-accumulations">ETH Whale and Accumulations</h2> 
<p style="text-align: justify">According to data from Spotonchain, an unknown address with the extension 0x7a9 purchased 13,526 ETH worth $39.85 million on February 21 at an average price of $2,947, drawing all attention to itself.</p> 
<p style="text-align: justify">On the other hand, while 10,136 ETH worth $29.85 million were withdrawn from the <a href="https://en.coin-turk.com/plummeting-to-a-two-year-nadir-binances-altcoin-experiences-a-resounding-collapse/" data-wpel-link="internal">Binance</a> exchange, a purchase of 3,390 ETH worth 10 million USDT was made on the 1INCH exchange. The whale accumulated a total of 64,501 ETH worth $185.5 million over the last three days.</p> 
<p style="text-align: justify">At the same time, the mentioned whale address today withdrew 40 million USDT from the Binance exchange, leading to more speculation about potential future ETH accumulation.</p> 
<p style="text-align: justify">These purchases by the whale could once again focus the market’s impact on Ethereum and, as a result, the price could move above $3,000 again.</p> 
<h2 style="text-align: justify" id="what-is-ethereum-s-current-price">What is Ethereum’s Current Price?</h2> 
<p style="text-align: justify">As of the time of writing, the Ethereum price has experienced a 0.75% decrease in the last 24 hours and is trading at $2,921. Although the token surpassed the $3,000 level in recent days, it could not maintain its position in that region and fell sharply.</p> 
<p style="text-align: justify">During this period, Ethereum’s market cap saw a 0.75% decrease to $351 billion. Nevertheless, the trading volume increased by over 37% to $21.9 billion, demonstrating the high interest of investors in the altcoin.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-317757" src="https://coin-turk.com/wp-content/uploads/2024/02/eth-kac-dolar-oldu.png" alt="" width="1567" height="857"></p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-whales-continue-to-stir-the-crypto-market/" data-wpel-link="internal">Ethereum Whales Continue to Stir the Crypto Market</a></h5>

Ethereum Whales Continue to Stir the Crypto Market

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