Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Millions of Ethereum Flow Back into Exchanges: Is This a Matter of Concern for the ETH Price Rally?

Share This Post

Ethereum Price Prediction_ Will ETH Surge Above $3,000 by May 2025

The post Millions of Ethereum Flow Back into Exchanges: Is This a Matter of Concern for the ETH Price Rally? appeared first on Coinpedia Fintech News

The investors remain distressed after the announcement of new tariff plans. With this, the US stocks had their worst day ever since 2020. As a result, the investors are scared of further escalation and economic fallout. The negative impact has been seen over the crypto markets as Bitcoin & Ethereum remain consolidated within a range. While the technical implications suggest a bullish outlook for the ETH price rally, the whales do not appear to be confident enough. 

A major institutional tsunami is detected, which is expected to create serious atmospheric pressure. Millions of liquidity are hitting the exchanges, which suggests a storm is forming that may shake up the entire market. New on-chain data reveals a lot of ETH have been deposited into the exchanges in the past 24 hours. This could be a matter of concern, as it may mount enough pressure over the ETH price. 

As per data shared by The Data Nerd, an on-chain data provider, massive amounts of ETH have been transferred back into ETH. Grayscale deposited 16,247 ETH, worth $28.63 ETH; Blackrock deposited 10,000 ETH, worth $17.94 ETH; Wintermute deposited 34,634 ETH, worth $62.9 million; Andre Cronje deposited 2000 ETH, worth over $3.44 million; and James Fickle deposited 2.35K ETH, worth $4.19 million. 

On the other hand, yet another whale scooped nearly 6500 ETH, spending 11.5 million USDC that could have kept the price consolidated above the crucial support. While Ethereum faces equal pressure on both sides, will whale accumulation outweigh the uncertainty caused by institutional ETH transfers? 

Ethereum (ETH) Price Analysis

It’s a known fact that bears have been capitulating ETH price for over a period, which has kept the levels restricted within a descending range. However, a major change could be expected soon as the token has reached the end of the consolidation. However, the technicians do not suggest bullish reversal or display any bullish divergence, which raises concerns over the next price action. 

The ETH price in the daily timeframe is approaching the tip of the falling wedge, which is expected to trigger a huge breakout towards the immediate resistance. Meanwhile, the Accum/Dist suggests the token’s distribution is going on, and the price may begin to rise once the accumulation resumes. On the other hand, RSI remains consolidated within the lower bands, suggesting a massive drop in the strength of the rally. 

The bewildered on-chain data and skeptical technicals suggest that the Ethereum price volatility is expected to surge during the upcoming weekend, which could offer a good buying opportunity. However, in the long term, ETH price remains under acute bullish influence with the possibility of forming a new ATH.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin vs. Social Security: Former Maryland Governor’s Ponzi Scheme Remark Sparks Fury

Former Maryland Gov Martin O’Malley recently compared bitcoin to a Ponzi scheme while defending the US Social Security Administration The comparison drew criticism from bitcoin supporters, who

Is Bitcoin Price Heading To $137K? Market Expert Says BTC Broke Out Since Nov. 2024

After a somewhat sluggish start to 2025, the Bitcoin price has begun to impress in the year’s second quarter The premier cryptocurrency reclaimed the $100,000 mark earlier this week and seems

BlackRock Meets With SEC To Discuss Staking, Tokenization, Others – Details

Executives of American investment firm BlackRock met with the US Securities and Exchange Commission (SEC) ‘s crypto task force on Friday to discuss various matters pertaining to cryptocurrency

BIS Study Shows Low-Value Bitcoin Transfers Reshape Remittances Amid High Traditional Costs

A new study by the Bank for International Settlements reveals cross-border crypto asset flows surged to $26 trillion in 2021, with stablecoins and emerging markets reshaping global financial networks

Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst

Ethereum prices have surged by over 19% in the past day, reaching almost $2,500 as a general crypto market resurgence continues Amidst investors’ euphoria, prominent crypto analyst and OKC

Zipline to the Moon!

As trade war headlines faded into the background last week, markets exhaled—and bitcoin broke above $97,000 Meanwhile, Token2049 Dubai offered both spectacle and substance This editorial is from