Since the transaction was made from an anonymous wallet, the name of the holder and the destination of the huge transfer are not known.
The crypto whale made a huge transaction on 20 April 2020. The report says, “45,000 ETH (8,272,501 USD) withdrawn from Bithumb to unknown wallet.”
A crypto-currency analyst has just aired his views on the possible market price trend of Ethereum (ETH).
Remember that before losing this support to the determined bears a few hours ago, ETH was priced farther above $174 resistance level.
Ethereum (ETH) has a bearish outlook, in Crypto Michael’s opinion, but that could change later. He said the digital currency needs to reclaim support of $174 with a higher timeframe.
He said that if this condition fails, the digital currency might end up experiencing a noticeable price dip to a price region of $152.
Crypto Michael shared this, “Same view here. Pretty much bearish outlook for now, unless price reclaims $174 with a higher timeframe candle close. If so, I’m expecting the highs to be reached. Otherwise I’ll target $152-158.”
Currently the bears take over the bulls in the cryptocurrency market. Each of Bitcoin’s top 10 digital currencies (BTC) has lost relatively 3 percent of their accumulated prices over the past 24 hours.
This unfavorable price situation also affects the market capitalization price of Ethereum (ETH), the second-largest digital currency.
Whale Transfers $367M Worth of Bitcoin in Crypto Shuffle
A mysterious crypto whale just surfaced, moving Bitcoin (BTC) worth hundreds of millions of dollars in a consecutive number of transactions.
The whale originally transferred 50,042 Bitcoin worth $367,982,598 to an unknown wallet and sent 100 to a separate unknown wallet in the same transfer.
The giant transfer fee was just 37 cents.