Ethereum Price


ETHUSD
has fallen 3.6% since May 10, dropping deep within the downward channel that has held since April 17. Whales are taking advantage of this dip to buy up ETH worth US$832 million.

Derivative positions indicate a rally before that breakdown occurred, driven by short-covering rather than new long positions piling up. This gives whales an opportunity to enter with low leverage. However, long-term holders are actually reducing accumulation by nearly 80% since the end of April.
$ETH
ETH-2.75%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin