{"id":606835,"date":"2024-05-07T09:00:33","date_gmt":"2024-05-07T09:00:33","guid":{"rendered":"https:\/\/wncen.com\/?p=606835"},"modified":"2024-05-07T08:10:56","modified_gmt":"2024-05-07T08:10:56","slug":"whispers-in-the-deep-why-are-ethereum-whales-disappearing","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/whispers-in-the-deep-why-are-ethereum-whales-disappearing\/","title":{"rendered":"Whispers In The Deep: Why Are Ethereum Whales Disappearing?"},"content":{"rendered":"

Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. Investors are on tenterhooks, with whales exiting their positions and the market sentiment teetering between fear and a glimmer of hope.<\/p>\n

Related Reading: 900 Million Telegram Users Send TON Token Soaring 15% \u2013 Details<\/a><\/div>\n

Ethereum Price Struggles To Regain Footing<\/strong><\/h2>\n

Ethereum’s price<\/a> has been on a rollercoaster ride in recent months. After reaching new highs in late 2021, the cryptocurrency plunged dramatically, leaving investors reeling. The recovery has been slow, with Ethereum currently hovering around $3,077 – a far cry from its peak.<\/p>\n

\"\"Source: Coingecko<\/a><\/pre>\n
This lackluster performance is causing anxiety among investors, particularly large holders known as whales. Recent data from Lookonchain paints a concerning picture: a whale who bought ETH a year ago is cashing out, pocketing a cool $16 million in profit. This whale’s actions highlight a potential exodus of major investors, which could further depress the price.<\/p>\n
Fear Grips Ethereum Whales<\/strong><\/h2>\n
WhaleStats, a platform that tracks large cryptocurrency holders, reveals that Ethereum whales are experiencing extreme fear. The BSC Chain Ethereum Whales’ Fear and Greed Index, a measure of investor sentiment, is currently in the “extreme fear” zone. This suggests that whales are hesitant to make any significant moves, waiting for the market to stabilize before deploying their capital.<\/p>\n
\"\"Source: WhaleStats<\/a><\/pre>\n
While Ethereum remains the most popular token among whales, their apprehension is palpable. They are closely monitoring market movements, waiting for a clear signal before taking the plunge.<\/p>\n
Divided Opinions On Ether’s Future<\/strong><\/h3>\n
The future of Ethereum remains a subject of debate among crypto analysts. Ashcrypto, a prominent analyst, believes in a potential rebound in the third quarter of this year. Based on historical patterns from 2020 and 2021, Ashcrypto predicts a price surge towards $4,000.<\/p>\n
\n
ETHEREUM PRICE UPDATE<\/p>\n
– Similar fractal as of Q4 of 2020<\/p>\n
– Breakout could happen in Q3 of 2024 as per historical pattern<\/p>\n
Once it breaks out, the 100x altseason will begin with ETH leading its way towards $15,000. pic.twitter.com\/F1Zr6mQeHB<\/a><\/p>\n
\u2014 Ash Crypto (@Ashcryptoreal) May 6, 2024<\/a><\/p><\/blockquote>\n
Data from IntoTheBlock reveals a strong correlation between Ethereum’s price and large transaction volume. The recent drop in large transactions coincides with the price decline, suggesting that whales play a critical role in influencing Ethereum’s trajectory.<\/p>\n
<\/p>\n
Total crypto market cap currently at $2.28 trillion. Chart: TradingView<\/a><\/pre>\n
ETH Price Action At A Glance<\/strong><\/h3>\n
Meanwhile, with its next target of $3,090, Ether is expected to continue its correcting bearish trend, demonstrating further bearish bias when it settles below $3,120 once more.<\/p>\n
If the price breaks $3,100, it will halt the projected slide and try to reclaim the main positive trend. A move below the EMA50 would support the continuation of the recommended negative wave.<\/p>\n
Related Reading: Is Avalanche About To Blow? Don\u2019t Miss This Potential Breakout \u2013 Analyst<\/a><\/div>\n
Is Ethereum Headed For A Revival?<\/strong><\/h3>\n
The answer remains unclear. While some analysts predict a resurgence, the ongoing whale selling and fearful market sentiment pose significant challenges. The coming months will be crucial for Ethereum, as it navigates a volatile market and attempts to regain investor confidence.<\/p>\n
Featured image from Hakai Magazine, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. Investors are on tenterhooks, with whales exiting their positions and the market sentiment teetering between fear and a glimmer of hope. Related Reading: 900 Million Telegram Users Send TON Token Soaring 15% \u2013 Details Ethereum Price Struggles To Regain Footing Ethereum’s price has been on a rollercoaster ride in recent months. After reaching new highs in late 2021, the cryptocurrency plunged dramatically, leaving investors reeling. The recovery has been slow, with Ethereum currently hovering around $3,077 – a far cry from its peak. Source: Coingecko This lackluster performance is causing anxiety among investors, particularly large holders known as whales. Recent data from Lookonchain paints a concerning picture: a whale who bought ETH a year ago is cashing out, pocketing a cool $16 million in profit. This whale’s actions highlight a potential exodus of major investors, which could further depress the price. Fear Grips Ethereum Whales WhaleStats, a platform that tracks large cryptocurrency holders, reveals that Ethereum whales are experiencing extreme fear. The BSC Chain Ethereum Whales’ Fear and Greed Index, a measure of investor sentiment, is currently in the “extreme fear” zone. This suggests that whales are hesitant to make any significant moves, waiting for the market to stabilize before deploying their capital. Source: WhaleStats While Ethereum remains the most popular token among whales, their apprehension is palpable. They are closely monitoring market movements, waiting for a clear signal before taking the plunge. Divided Opinions On Ether’s Future The future of Ethereum remains a subject of debate among crypto analysts. Ashcrypto, a prominent analyst, believes in a potential rebound in the third quarter of this year. Based on historical patterns from 2020 and 2021, Ashcrypto predicts a price surge towards $4,000. ETHEREUM PRICE UPDATE – Similar fractal as of Q4 of 2020 – Breakout could happen in Q3 of 2024 as per historical pattern Once it breaks out, the 100x altseason will begin with ETH leading its way towards $15,000. pic.twitter.com\/F1Zr6mQeHB \u2014 Ash Crypto (@Ashcryptoreal) May 6, 2024 Data from IntoTheBlock reveals a strong correlation between Ethereum’s price and large transaction volume. The recent drop in large transactions coincides with the price decline, suggesting that whales play a critical role in influencing Ethereum’s trajectory. Total crypto market cap currently at $2.28 trillion. Chart: TradingView ETH Price Action At A Glance Meanwhile, with its next target of $3,090, Ether is expected to continue its correcting bearish trend, demonstrating further bearish bias when it settles below $3,120 once more. If the price breaks $3,100, it will halt the projected slide and try to reclaim the main positive trend. A move below the EMA50 would support the continuation of the recommended negative wave. Related Reading: Is Avalanche About To Blow? Don\u2019t Miss This Potential Breakout \u2013 Analyst Is Ethereum Headed For A Revival? The answer remains unclear. While some analysts predict a resurgence, the ongoing whale selling and fearful market sentiment pose significant challenges. The coming months will be crucial for Ethereum, as it navigates a volatile market and attempts to regain investor confidence. Featured image from Hakai Magazine, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":606844,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[142,6664,8323,1946,14781],"class_list":["post-606835","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-altcoins","tag-crypto","tag-eth","tag-ethereum","tag-whales"],"acf":[],"yoast_head":"\nWhispers In The Deep: Why Are Ethereum Whales Disappearing?<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH), the world's second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Whispers In The Deep: Why Are Ethereum Whales Disappearing?","url":"http:\/\/wncen.com\/news\/ethereum\/whispers-in-the-deep-why-are-ethereum-whales-disappearing\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/whispers-in-the-deep-why-are-ethereum-whales-disappearing\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_a37ef5.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_a37ef5.jpg?fit=2500%2C1201"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","eth","ethereum","whales"],"dateCreated":"2024-05-07T09:00:33Z","datePublished":"2024-05-07T09:00:33Z","dateModified":"2024-05-07T09:00:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Whispers In The Deep: Why Are Ethereum Whales Disappearing?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/whispers-in-the-deep-why-are-ethereum-whales-disappearing\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/whispers-in-the-deep-why-are-ethereum-whales-disappearing\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/a_a37ef5.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/a_a37ef5.jpg?fit=2500%2C1201\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"eth\",\"ethereum\",\"whales\"],\"dateCreated\":\"2024-05-07T09:00:33Z\",\"datePublished\":\"2024-05-07T09:00:33Z\",\"dateModified\":\"2024-05-07T09:00:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/05\/a_a37ef5.jpg?fit=2500%2C1201","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/606835"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=606835"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/606835\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/606844"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=606835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=606835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=606835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}