ETH breaks below 1900 USD, down 5.64% intraday! Trump is stirring the pot!
Latest news;
The U.S. government transferred over 10 million USD worth of seized Bitcoin and Ethereum on March 27.
A few weeks ago, President Donald Trump signed an executive order to establish a strategic Bitcoin reserve.
It is reported that a wallet linked to U.S. authorities transferred 8.46 million USD worth of Bitcoin and 1.77 million USD worth of Ethereum from seized funds of Thai nationals.
This transaction was conducted after small-scale test transfers of 10 USD in Bitcoin and 1 USD in Ethereum.
BTC was allocated to two wallets, with most of the funds sent to a change address. Ten minutes after the initial test transaction, ETH was consolidated into a separate address.
Ethereum price: Open interest soared to 22 billion USD, with long positions as of March 27, ETH trading at 2065 USD, down 2% that day, but still maintaining a key support level above 2000 USD. Short-term bearish? Target above 1600!
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Data shows that ETH open interest has climbed to 10.84 million ETH, worth about 22.03 billion USD. This marks a 2.61% increase within the past 24 hours, reflecting renewed confidence in Ethereum's recent outlook.
After the successful deployment of the Pectra upgrade testnet, whales withdrew nearly 16,000 ETH (worth 32 million USD) from exchanges.
This accumulation trend has become the focus of bullish traders.
Trading volume also increased by 14.5%, reaching 12.65 billion USD, further confirming active market participation.
