Ethereum whales have sold a large amount of ETH worth nearly $63 million in the last 5 days.
MAIN CONTENT
Ethereum whales sold 7,200 ETH in 18 hours, equivalent to $28.49 million.
In the last 5 days, a total of 9,000 ETH was sold from the same wallet, worth approximately $34.76 million.
Which wallet sold a large amount of ETH and when did the transaction occur?
The Ethereum whale sold 7,200 ETH in the last 18 hours at an average price of $3,957/ETH, equivalent to a value of $28.49 million.
What is the influence of Ethereum whales in the ETH market?
Ethereum whales often control large amounts of assets, so their selling actions can greatly affect prices and investor sentiment. This is an important signal for traders and technical analysts to predict market fluctuations.
Large-scale selling events like this can put downward pressure on ETH prices in the short term, and this information helps traders consider reasonable trading strategies based on whale trading volume.
"Actions from whales are always a reliable indicator that helps the market identify large trading trends before they are reflected clearly in price."
James Lee, Cryptocurrency Analyst, 2024
How does the selling action of Ethereum whales affect the cryptocurrency market in general?
An increase in whale selling can lead to significant price fluctuations in the cryptocurrency market, especially for Ethereum due to its liquidity and large market capitalization.
When large selling volumes occur, investors often become more cautious, potentially reducing trading temporarily or waiting for buying opportunities when prices drop further, thus creating higher volatility in the short term.
"Whale behavior analysis is an essential part of trading strategy to predict significant fluctuations in the cryptocurrency market."
Linda Tran, Blockchain Researcher, 2024
How much did Ethereum whales sell ETH for on average and what is the total specific value?
The average price of ETH sold by whales in the last 18 hours was $3,957 for 7,200 ETH, and in the last 5 days was $3,863 for a total of 9,000 ETH.
The total transaction value in the latest 18 hours reached $28.49 million, while the total value in 5 days was $34.76 million. This specific data reflects the scale of large transactions and significant impact on cash flow in the Ethereum market.
Frequently Asked Questions
What are Ethereum whales?
Ethereum whales are investors who hold large amounts of ETH, capable of significantly influencing price and market liquidity.
Why is whale selling important?
Whale trades often precede significant price movements, helping investors forecast market trends and sentiment.
What is the average price of ETH recently sold by whales?
The average selling price in the last 5 days was approximately $3,863 to $3,957 for each ETH.
How long can whale trades affect the market?
The impact can be short-term to medium-term, often lasting a few days or weeks depending on the volatility momentum.
How to effectively track whale activity?
Using on-chain monitoring tools like Onchain Lens helps update transactions from whale wallets accurately and quickly.
Source: https://tintucbitcoin.com/ca-voi-ban-7-200-eth-gia-cao/
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