According to the data of Blockchain monitoring platform Lookonchain, an Ethereum whale sells 28,999 ETH for about $ 45.2 million, while the transaction was reported to pay debt. This process is among the important Ethereum movements observed in the market recently.
Why did the whale sell ETH?
Sales, ETH’s an average price of $ 1,559 was completed. According to the explanations, the transaction was preferred to close the existing debt, and this consistent sales transaction indicates a significant change in the portfolio.
Lookonchain: A whale sold 28,999 ETH, worth $ 45.2 million at an average price of $ 1,559.
According to Lookonchain reports, one of Ethereum’s early investors liquidated the 10.702 ETH position for $ 16.86 million after two -year mobility. The fact that this investor kept ETH from 2016 and the existing market prices were more remarkable in terms of investment return.
Lookonchain: Ethereum OG sold 10,702 ETH for $ 16.86 million after two years.
Ethereum Forecasts
Market analysts show different approaches to the current price course of Ethereum. Traderpa foresee recovery after previous corrections; Crypto Fella stated that ETH had tested significant support levels.
Crypto Fella: Ethereum tests significant levels, I think the bottom point is close.
In contrast, Cryptobusy, based on On-Chain data, said that the decreases in the network can create downward pressure on the price and that ETH could find around $ 1,000.
In addition, other important transactions include Jesse Powell, which is connected to the Kraken Stock Exchange, to the 1,501 ETH to defi credit platforms. Such transfers may indicate the variability of investor behaviors in the sector.
Analysts observe that the activity in the Ethereum network is reduced and there is a decrease in important metrics. 33 %in total network activity, 40.5 %decrease in the number of transactions and exits from ETF are among the other data that causes investors to approach the cautious approach.
On-Chain data observed with the realization of the transactions, while signaling the developments that may create uncertainty in the Ethereum market, investors should follow the market dynamics closely.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
