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Ethereum (ETH) faces possible sell pressure, one crypto analyst says, citing how it surpassed the $2,300 mark. Whales have been actively taking profit , and this could trigger a massive sell pressure on the world’s second-largest crypto.  Ethereum price volatility  The price of Ethereum (ETH) has been positively impacted by the recent bullish momentum in the global crypto markets, fueled by Bitcoin’s (BTC) surge above the $43,000 price region. ETH maintains a distinctive market position attributed to its extensive developer community, widespread adoption, and pivotal role in decentralized finance (defi) and various blockchain applications. Despite the current positive momentum, there are apprehensions regarding the potential influence of selling pressure from whales on the cryptocurrency’s price.  According to crypto analyst Ali Martinez, whales immediately took profit s after Ethereum hit $2,300.  The impact of significant holders selling could potentially drive down...

The crypto market is firm, with digital assets rising. This positive trend also shows in the optimistic predictions made by analysts. They estimate Dogecoin (DOGE) to $0.1 and Kaspas (KAS) to soar above $0.5. Amidst this optimism, Everlodge, a new project combining real estate and blockchain, is also trending higher.  In this article, we will look at the predicted prices for DOGE and KAS and explore Everlodge. Dogecoin to $1? Dogecoin is a popular meme coin, and investors have been curious about when it will reach $1.  Even though it’s trading at a few cents, Dogecoin remains on an uptrend and analysts the coin to continue trending higher. You might also like: Microsoft AI picks Everlodge, Dogecoin, and PEPE as coins to watch in November Per price predictions, DOGE will likely reach $0.1 by 2023. If not by the end of 2023, it could break this critical resistance level before the Bitcoin halving event in April 2024.  Kaspa: $0.5 soon? Kaspa, a proof-of-work (P...

Ethereum is a prominent cryptocurrency, earning its place as the second largest cryptocurrency. There are several whales that hold a considerable amount of ETH. According to the latest details provided by Lookonchain, a crypto intelligence platform, a whale sold 4,549 ETH for approximately $8.78 million. The sale happened when it was trading at around $1,930. Also read: Shiba Inu Weekly Burn Update: 915 Million SHIB Burned A whale sold 4,549 $ETH for 8.78M $USDT at a price of $1,930 14 hrs ago. This whale spent $6M to buy 4,549 $ETH at a price of $1,319 on Jan 9, and has earned $2.78M so far.https://t.co/pzSfTqYuPn pic.twitter.com/PEtWS9LXmE — Lookonchain (@lookonchain) July 16, 2023 According to the details from CoinMarketCap, ETH is trading at $1,937, with no major volatility in value over the last 24 hours. Ethereum whale made $2.78 million Details from Lookonchain reveal that the ETH whale spent $6 million to buy 4,549 ETH . The purchase ...

Over the past 24 hours, Ethereum registered a rally to $1264 after 3 weeks of sideways consolidation. At press time, a minor correction to $1252 was observed. The reason behind this abrupt increase was linked to recent whale activity. Prominent on-chain analytics platform, Santiment pointed out that there was a rise in whale transactions. This occurred just a couple of hours ahead of Ethereum’s price spike. Source The above image illustrates how there were a total of 611 transactions 4 hours before and during ETH’s price movement. It should be noted that all these transactions were worth more than $100K. Santiment further detailed, “As #altcoins have heated up, #Ethereum quietly rebounded back above $1,260 for the 1st time in 3 weeks. Though not quite at the level of the big whale dip buys on December 16th ($ETH’s local price bottom), whales are showing increased interest again.” However, the aforementioned whale activity could have...