Analysis: Due to whales taking profits, Ethereum may face significant adjustments
News on March 20th, data shows that ETH has fallen nearly 20% from its previous high, erasing recent gains. On-chain data shows that in the past four days, three large Ethereum wallet investors have taken profits from their holdings of Ethereum. The three Ethereum whales sold 26,946 ETH worth $95.7 million and made a profit of $39 million. Analysts say that due to the whale's profit-taking, Ethereum may face significant adjustments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Today's Market Prediction: Which Coin to Buy?
Scotiabank: Market Favors US Dollar Rebound, Significant Momentum Needed for Downturn
Zuckerberg: I'd rather waste hundreds of billions of dollars than fall behind in AI.
The Crypto Fear and Greed Index is currently at 53, indicating that market sentiment remains "neutral".
Trending news
MoreCrypto prices
More
