The Cryptoverse has yet to recover from the ruins of the Last Effect. Sequentially, the market capitalization has fallen to $1.2 trillion. While Star Crypto bitcoin is oscillating in the range of $28,000. At the time of publication, the price of ETH is hovering around $1,767. While Ethereum tests its critical levels, ETH whales bank on other altcoins.
Are ETH Whales Saying Goodbye to Ethereum Now?
a Supporter The industry shows that Ethereum is now in the same setup as it was in 2016. And that it cannot afford to lose the range at its current support levels. Nayak further states that further fall in ETH price will push Alt Season further down the lane.
sequentially, according to sources say, ETH percentage address in profit for 7D MA has hit a 22-month low of 57.66%. Meanwhile, the total value locked in ETH 2.0 deposit contracts has reached a new ATH of 12,697,076 ETH.
Learning from analysis of whale stats, the Whale Fear and Greed Index is still in extreme fear at 24. Which justifies the volume coming from the sellers more than the weight of the buyers. That said, ANKR is now one of the most used smart contracts among the top 100 ETH whales in the last 24 hours. Conversely, while GALA is the most traded token, MANA makes it the most widely held token.
In short, an increasing share of ETH 2.0 deposit contracts. And the declining trend on the price chart justifies the rising position of the whale. That said, a rebound in price trends for the largest altcoins will require a significant moral push. Which seems far-fetched now based on the current scenario.
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