Deep Tide TechFlow News, August 20, according to BiyaPay analysts, on August 20, the on-chain address 0x737...c1ca6 has sold 4,000 ETH again in the past 12 hours, with a transaction amount of 16.65 million USD, at an average price of 4,164 USD. Since August 18, this address has cumulatively sold 12,575 ETH, with a total value of up to 53.68 million USD, and currently holds 6,210 ETH. Data shows that market risk aversion has significantly intensified, bullish momentum has quickly waned, and short-term market fluctuations have increased.
Ethereum's price is affected by Bitcoin's pullback, failing to stabilize at the key level of 4,300 USD, and the market has reversed, briefly dropping below the support level of 4,100, testing a low of 4,060 before a slight rebound. The current price is oscillating around 4,200 USD, with intensified market tug-of-war, and the short-term trend remains unclear.
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