According to current market trends, Ethereum (ETH) has experienced a significant decline in the past 24 hours. The cryptocurrency's price has dropped by nearly 3% and is now trading at $2,447.52 at the time of writing.
The sell-off is largely attributed to the movement of a substantial amount of Ethereum to the crypto exchange Binance. This transfer and subsequent offloading by major holders, often referred to as 'whales,' have put downward pressure on ETH's price.
Source: www.thecoinrepublic.com ↗
