Ethereum's (ETH) recent price movement hints at a potential rally despite ETH ETPs recording outflows.
Ethereum could see a brief rally after posting a similar price movement that resulted in a previous high. Two wallets suspected to be owned by Justin Sun have been buying Ethereum heavily. Ethereum ETP outflows in April hit $85 million. Ethereum 's recent price movement hints at a potential rally despite ETH ETPs recording outflows. The recent price improvement follows the fourth Bitcoin halving and a suspected Justin Sun wallet purchasing large numbers of ETH.
— Nate Geraci April 21, 2024 Technical analysis: ETH may see a brief rally, halving may not trigger bull run Ethereum is showing signs of a potential upswing on Monday after a successful fourth Bitcoin halving on Friday. While ETH is still consolidating, it has posted similar movements to its April 5 to April 8 price pattern. ETH/USDT 4-hour chart ETH recorded a three-week high of $3,730 on April 8, following the move.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ancient Ethereum ICO Participant Suddenly Wakes UpEthereum (ETH) ICO participant has transferred $6.7 million worth of Ethereum (ETH)
Read more »
Justin Sun Bags over $405 Million in Ethereum (ETH) in DaysTron's Justin Sun on massive $405 million Ethereum buying spree
Read more »
ETH Price Skyrockets as Ethereum Foundation Initiates Sell-offEthereum's soaring price clashes with Ethereum Foundation's puzzling decision to convert ETH into stablecoins
Read more »
What Will Happen to ETH’s Price if the SEC Rejects All Spot Ethereum ETF Applications?Crypto Blog
Read more »
Ethereum Whales Rack up $40 Million in ETH as Price ReboundsThis major Ethereum accumulation suggests growing bullish sentiment for ETH
Read more »
Ethereum Sees Boost in Whale Purchases, Potential Approval for ETH ETFWhales have resumed purchasing Ethereum, spending $35 million in 14 hours. JP Morgan predicts a possible approval for an Ethereum ETF after a legal process. Phishing ads targeting Ethereum users appear on Etherscan. Ethereum shows signs of recovery, trading at $3,460. Market movers include whale activity, ETH ETF odds, and phishing scams.
Read more »