{"id":79489,"date":"2024-05-25T09:35:18","date_gmt":"2024-05-25T13:35:18","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=79489"},"modified":"2024-05-25T09:36:01","modified_gmt":"2024-05-25T13:36:01","slug":"ethereum-price-rises-2-as-whales-move-6-9m-eth","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-price-rises-2-as-whales-move-6-9m-eth\/","title":{"rendered":"Ethereum Price Rises 2% as Whales Move $6.9M ETH"},"content":{"rendered":"\n

Ethereum's price\u00a0rises 2% following $6.9M whale transactions. Discover how these moves impact ETH's market<\/a> and future dynamics.<\/p>\n\n\n\n

\"Ethereum<\/figure>\n\n\n\n

Onchaindata has recently reported a notable transaction involving Ethereum (ETH). <\/p>\n\n\n\n

A whale withdrew 1,600 ETH from the accounts of Bybit<\/a> and Cooper, valued at approximately $6.2 million.\u00a0<\/p>\n\n\n\n

A second transaction worth $740,000 in ETH accompanied this notable activity. <\/p>\n\n\n\n

The significant transfers have garnered interest from the cryptocurrency community, prompting inquiries into their potential market ramifications and the underlying motivations driving such extensive transactions.<\/p>\n\n\n\n

ETH Whale Accumulation Driving Price Action<\/h2>\n\n\n\n

Over the past few hours, Fasanara Capital, an English-based investment fund, has been particularly active. <\/p>\n\n\n\n

The fund transferred 1,600 ETH from Bybit and Cooper for a total value over $6.2 million in an enormous transaction. <\/p>\n\n\n\n

Following this transaction, Fasanara Capital retains 5,383 ETH, worth approximately $20.16 million, in their wallets. <\/p>\n\n\n\n

An additional significant move occurred at an address affiliated with the Ethereum Foundation, 0x9d2…C43B1\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, wherein 200 ETH, equivalent to $740,000, were transmitted to Kraken.<\/p>\n\n\n\n

Following a six-year dormancy, this address was reactivated for the first time since April 28. In 2015, it had been endowed with 2000 ETH by the Ethereum Foundation. <\/p>\n\n\n\n

It possesses 1,029 ETH at the moment. The transactions above have incited conjecture among holders of ETH regarding the possible impact of whales on the recent surge in price. <\/p>\n\n\n\n

Additionally, the Ethereum ETF approval commotion and the broader bull market for cryptocurrencies have contributed to the rally, which has propelled ETH above $3,700.<\/p>\n\n\n\n

ETH Price Jumps Over 2%<\/h2>\n\n\n\n

As of today, the value of Ethereum (ETH) <\/a>has surged significantly, now standing at $3,754.99.\u00a0<\/p>\n\n\n\n

However, this signifies a substantial 19.50% increase in price over the previous seven days and a 1.56% increase over the last 24 hours. <\/p>\n\n\n\n

With a circulating supply of 120 million ETH and a 24-hour trading volume of $13.9 billion, Ethereum has a market capitalization of $451 billion.<\/p>\n\n\n\n

Furthermore, over the last twenty-four hours, the open interest of Ethereum (ETH) has increased by 2.95%, culminating in a current value of $12.1 billion. <\/p>\n\n\n\n

As of this writing, the Relative Strength Index (RSI) is 51.48, above the 50 threshold and suggesting bullish pressure. <\/p>\n\n\n\n

These indicators suggest that Ethereum will maintain its near-term ascent momentum. <\/p>\n","protected":false},"excerpt":{"rendered":"

Ethereum’s price\u00a0rises 2% following $6.9M whale transactions. Discover how these moves impact ETH’s market and future dynamics. Onchaindata has recently reported a notable transaction involving Ethereum (ETH).  A whale withdrew 1,600 ETH from the accounts of Bybit and Cooper, valued at approximately $6.2 million.\u00a0 A second transaction worth $740,000 in ETH accompanied this notable activity.  The […]<\/p>\n","protected":false},"author":56,"featured_media":66169,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,23],"tags":[9183,128,18877,19263],"class_list":["post-79489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum-news","tag-eth-whales-2","tag-ethereum","tag-ethereum-eth","tag-ethereum-eth-price"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/12\/ethereum-shanghai-upgrade-1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79489","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=79489"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/79489\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/66169"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=79489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=79489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=79489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}