By Tobi Loba
According to the data made available by Glassnode, an on-chain alerts account, some hours ago, a crypto whale transferred the sum of 45,000 ETH worth $7,696,350 at the time of publication, from the South-Korea-based cryptocurrency exchange, Bithumb.
The name of the holder and the destination of the huge transfer are not known since the transaction was made from an anonymous wallet.
The huge transaction was effected by the crypto whale on 20th April 2020. The report says, “45,000 ETH (8,272,501 USD) withdrawn from bithumb to unknown wallet.”
🐋 45,000 $ETH (8,272,501 USD)
withdrawn from #bithumb to unknown walletView live on-chain exchange flow metrics:https://t.co/xRUzdtdNfv
— glassnode alerts (@glassnodealerts) April 20, 2020
Crypto Michael Says Ethereum (ETH) Should Reclaim $174 to Avoid $152 Price Level
A cryptocurrency analyst has just aired his opinion concerning the possible price trend of Ethereum (ETH) in the market.
Recall that ETH was priced farther above $174 resistance level before losing this support to the determined bears a few hours ago.
In Crypto Michael’s opinion, Ethereum (ETH) is having a bearish outlook, but this could change later. He said the digital currency has to reclaim $174 support with a higher timeframe.
He said if this condition fails, the digital currency could end up experiencing a notable price dip to $152 price region.
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.”
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. pic.twitter.com/mOYwnagl6d
— Michaël van de Poppe (@CryptoMichNL) April 21, 2020
The Price Situation of Ethereum (ETH) and Other Cryptocurrencies in the Market
The bears are taking over the bulls at the moment in the cryptocurrency market. Each of the top 10 digital currencies, led by Bitcoin (BTC), have lost relatively 3% of their accumulated prices over the past 24 hours.
This unfavorable price situation is also affecting the price of Ethereum (ETH), the second-largest digital currency by market capitalization. At the time of writing, ETH is trading at $171.96, with a 4.19% price downtrend based on 24 hours estimation.