Ethereum, the world’s second-biggest cryptocurrency hasactually been combining in a tight variety following the breaking of a bearish increasing wedge cost action pattern on a day-to-day time frame. During this continuous combination, a crypto whale Metalpha (Gnosis Safe Proxy address) hasactually moved a considerable ETH to Binance.
Ether Whale offloads $26 million of ETH
According to the on-chain security company Arkham, Metalpha justrecently moved a considerable 10,000 ETH worth $26 million to the Binance cryptocurrency exchange. This huge token transfer has acquired huge attention from crypto lovers and might develop offering pressure.
Despite a noteworthy token dump, the Ether whale still holds a substantial $148.46 million in cryptocurrencies. The holding consistsof PEPE, WSTETH, aEthwstETH, DAI, WBETH, and lotsof more.
Ethereum Price Prediction
According to the specialist technical analysis, ETH hasactually been in a sag giventhat the start of August2024 Additionally, it is trading listedbelow the 200 Exponential Moving Average (EMA) on a day-to-day time frame. With the current breakdown of the increasing wedge cost action pattern, there is a high po