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Ethereum Price Surge to $4,000 Delayed After ETH Whale Dump? Coingape 29 Nov 2024

Ethereum Price Surge to $4,000 Delayed After ETH Whale Dump? 📉

Ethereum Jeffery Wilcke

As Ethereum's price remained strong above $3,500, increased selling activity from Ethereum whales has raised concerns about the potential delay of its surge to $4,000. This significant offloading has caught the attention of investors who are worried about profit-taking before hitting the expected price target.

Notably, Ethereum co-founder Jeffrey Wilcke contributed to the selling pressure by offloading a substantial 20,000 ETH, which was valued at $72.5 million. This event has sparked discussions about how large-scale selling actions by influential figures could impact the market.

While the cryptocurrency market often sees fluctuations, the actions of Ethereum whales play a significant role in influencing investor sentiment and prices. The current situation suggests that the anticipated breakthrough to $4,000 could be delayed if such selling activities persist.

Source: coingape.com ↗

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Is ETH Price Of $4,000 Target at Risk as Whales Unload Millions in Ethereum Holdings? The Coin Republic 30 Nov 2024
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