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š¹ Ethereum Update: 1.8 Million Addresses Buy 52 Million ETH at $2,350
Ethereum is currently down nearly 10%, falling below $2,400 amid a broader crypto market decline. The total market cap has dropped to $2.17 trillion.
š Key Points:
ā© Support Level: $2,350 is emerging as a critical support level, with 1.89 million addresses purchasing 52 million $ETH in the $2,311 to $2,383 range.
ā© Potential Outcomes:
š” Bounce Back: If #Ethereum rebounds from $2,350, it could target prices above $2,800.
š” Risk of Decline: A drop below $2,350 could lead to panic selling, pushing prices down to $1,800.
š Current Market Sentiment:
š” Sellers currently have the upper hand, with significant outflows from centralized exchanges. Notably, Wintermute moved 14,221 $ETH to #Binance, indicating potential selling pressure.
š Detail
#Ethereum #CryptoMarket #ETH #Bitcoin #MarketUpdate 0 reply
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