Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum enters accumulation phase
ETHEREUM NEWS

Ethereum enters accumulation phase

By Crypto FlexsApril 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum enters accumulation phase
Share
Facebook Twitter LinkedIn Pinterest Email

Investors are accumulating huge amounts of Ethereum. return to feeling optimistic For cryptocurrency. Ethereum is currently hovering around $3,170 and the price has experienced volatility over the past seven days.

Amid this price volatility, on-chain data has revealed the cumulative trends of Ethereum investors over the course of the week. Additionally, trading data shows that whale movement of ETH to and from exchanges has increased with recent market conditions. denoting transformation Prices of crypto assets.

Ethereum is seeing massive accumulation as investors increase their shares.

Ethereum is now at a fundamental intersection that could see its price surge into the new week and beyond. This fundamental catalyst for the price surge was the recent entry of the Spot Ether ETF into the Asian markets.

Regulators in Hong Kong Got approval for launch The Spot Ethereum ETF and Spot Bitcoin ETF were launched together, encouraging investors to make strategic ETH moves in preparation for price surges.

In particular, on-chain data from IntoTheBlock shows strategic accumulation patterns by ETH investors, with over $500 million of ETH leaving centralized exchanges in the past week. Interestingly, this surge in movement is the highest single weekly outflow from an exchange recorded on the Ethereum network since February.

500 million $ETH Withdrawal from CEX this week, highest since February pic.twitter.com/rwvftXjiOz

— IntoTheBlock (@intotheblock) April 19, 2024

When an investor withdraws a cryptocurrency from an exchange, it usually means that they want to hold that cryptocurrency for a long period of time. This behavior shows that investors are confident that the ETH price will rise in the near future.

Likewise, data from whale trading tracker Whale Alerts shows that ETH whale trading has increased during the week, with whale outflows outpacing inflows on exchanges.

🚨 🚨 10,119 #ETH Transferred from (31,855,489 USD) #Binance To unknown wallet https://t.co/OKoF8E5Q4Z

— Whale Alert (@whale_alert) April 20, 2024

Total crypto market cap currently at $2.322 trillion. Chart: TradingView

What’s next for Ether?

Despite exchange outflow, exchange sales occur simultaneously lowered the price It closed at $3,000 during the week and as low as $2,878. However, the currency later reversed to an upward trend. Showing signs of bullish momentum. As of this writing, Ethereum is trading at $3,180 and is up 4% in the last 24 hours.

Fundamentals surrounding Ethereum point to a steady price rise for several weeks as bulls try to overcome the $3,200 price hurdle. An example of such a catalyst is: draft new law We aim to legalize stablecoins in the United States. As the blockchain network with the largest stablecoin market, Ethereum is Set up to receive benefits This is due to clear positive regulation of stablecoins.

The U.S. SEC continues to hesitate to approve This investment class among domestic Spot Ethereum ETFs is scheduled to launch in Hong Kong at the end of April. Ethereum ETF Influencing Asian Market Signals Increased institutional interest On altcoins everywhere in the world. This could eventually cause the price of Ethereum to surge past its current yearly high of $4,066.

Featured image from Pexels, chart from TradingView

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

It is a Gold Fallor Safety Dynasty Status, but the path of Bitcoin can be brighter: analysts

May 31, 2025

Trump’s memes, which were questioned by the Supreme Democratic Party at the House Judicial Committee,

May 31, 2025

Inrum’s route of $ 100,000 to support this level

May 30, 2025
Add A Comment

Comments are closed.

Recent Posts

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Elevenlabs improves multi -mode conversation AI user interaction

June 1, 2025

SEC back track for Rex-OSPREY Staked ETF

June 1, 2025

NVIDIA expands AI training from GTC Paris to multilingual workshops.

June 1, 2025

SUI Prover improves smart contract verification in the SUI block chain

June 1, 2025

TRON Analysts predicts the following $ 0.30 rally, Unilabs Crosses Doge Volume.

June 1, 2025

Zero Knowledge Technology: In Linea’s study, the journey to the main net

May 31, 2025

Blockchain.com Nigeria in the court ruling

May 31, 2025

Sharplink’s $ 1B Ether Leeum Bet: How to Change ETH’s Game

May 31, 2025

The AI ​​drive model seasplat improves coral reefs.

May 31, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

As the whale exit is strengthened, the $ 0.32 mantra: Om is at the turning point?

June 1, 2025

What should I expect from Ether Reeum price in June 2025?

June 1, 2025

Elevenlabs improves multi -mode conversation AI user interaction

June 1, 2025
Most Popular

SHIB, PEPE & DOGE is leading the pack with Memecoin Rally.

March 26, 2025

Crypto ETFS set records with $ 62,900,000,000 every year after four consecutive green states: Coinshares

May 13, 2025

After the market conflict is less than $ 2, the trader ‘aggressively’ XRP is purchased -Analyst

February 6, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.