đ¨đ¨Big whale sale 30,000 Ethereum đ¨đ¨
The cryptocurrency has dropped 15% in the last 24 hours and Ethereum trading at $2,063. This decline follows a brief rise after Donald Trump announced new tariffs on China, Canada, and Mexico.
This news has changed market feelings, raising worries about economic problems.
Both decentralized finance activity and the Ethereum futures market show that Ethereum's strength is fading. Open interest in ETH futures has decreased by 10% in the last day.
Big whale sale where 30,000 Ethereum, worth about $68 million.
The RSI is nearing oversold , showing less buying interest. Moving averages show a strong downward trend.
ETH has fallen to $2,064. If it breaks below this level, it could drop further to $1,176, which is a 40% decrease from now.
Upcoming events might change the situation. The Ethereum Pectra upgrade in April is expected to improve scalability and staking options, which could attract more users.
Investors are also watching the first White House Crypto Summit on March 7 for more details about Trumpâs crypto plans.
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