As large sums of ETH pour into exchanges, Ethereum faces a $ 4,000 barrier
Whale Alert reports that a staggering 38,143 ETH tokens, or nearly $151 million worth, have been moved to exchanges in the last 24 hours. Ethereum is facing barriers near its present price after rising to $4,005 earlier today.
According to Whale Alert, the first major transaction of 21,075 ETH, worth $ 83,252,793, appeared on the blockchain about 23 hours ago.
Another large transaction of 11,097 ETH tokens, or $44,475,089 worth, arrived four hours after the first one. In between these were transactions of 2,971 and 3,004 ETH tokens worth $11,965,552 and $12,080,470, respectively.
Apart from that, three Ethereum transactions transferred from exchanges to wallets were reported by WhaleStats. the the biggest The transaction had 15,000 ETH, or $ 60,451,561, transferred from Bitfinex to an unknown wallet.
The other two transactions had nearly $23 million worth of ETH moved from Kraken to a mysterious wallet.
Ethereum price action
After the price of Ether hit a new high of $ 4,867 on November 10, interest in the Ethereum ecosystem increased, but the rally was short-lived as general market sentiment passed. to fear. Despite the pressure for some recovery, the price of ETH fell while hitting a low of $ 3,503.
The Ethereum price has shown continuous signs of recovery from the shock in the present week around the $4,000 mark, defending much of its uptrend by its support base. On Wednesday, the price of Ether was rejected at $4,074 and currently faces the $4,000 barrier.
At the time of publication, Ethereum’s price stands at $ 3,940, with $ 15,316,090,468 in 24-hour trading volume. In the previous 24 hours, it has fallen 2.12%. With a live market cap of $ 467,242,699,326 as seen on CoinMarketCap, it currently ranks # 2. The maximum supply is not known; however, it has an outstanding supply of 118,857,239 ETH tokens.
