Ethereum breaks 4 thousand dollars while whales move 667 million dollars – how the ETH price reaction? star-news.press/wp

Main meals

Ethereum erupted over 4 thousand dollars, as the whale governor accumulated 667 million dollars from ETC from OTC’s major offices. The data on the series also shows that ETH Supply has reached 121 million.

ETHEREUM (ETH) supplies topped 121 million ETH, but the biggest story may be the story that you do not see.

Six new portfolios of $ 667 million of ETH have raised from the main stock exchanges – just and paid prices to between 4000 dollars, and the sellers faced the largest overnight they wished for months.

What happens with King Altcoin?

ETH exceeds 4 thousand dollars while crushing Bulls Shorts

Ethereum has risen beyond $ 4000 today, which led to the largest short liquidation in months – step Eric Trump celebrated X, Warning against BTC and ETH.

Source: x

The daily chart showed a strong upward momentum, with ETH closed at $ 4,196, at the time of the press. Rsi row over 72, a sign of excessive conditions in the peak.

Source: TradingView

At the time of writing this report, the MACD graph expanded, indicating the constant purchase pressure.

The market’s sense of classification has been decisively, driven by consecutive green candles and increased accumulation of whales.

However, traders should remain cautious about potential decline if profit begins at these high price levels.

Eth Supply reaches $ 121 million

ETHEREUM supplies officially crossed 121 million marks, a milestone reached nearly three years after it reached 120 million in August 2022, According to Cryptoquant data.

Source: Cryptoquant

The network currently ranges between 2500 and 3000 ETH per day, but continuous activity continues to compensate for part of this version, with more than 36.18 million ETH.

Source: Cryptoquant

The clouds affect the ETH inflation file by reducing the effects of increased blood circulation.

Although the last height of the supply challenges the contraction, the total demand to participate in the network and participate in the main factors in determining whether this expansion will support or affect the price of ETH.

The accumulation of whales increases with the purchase of $ 667 million ETH