{"id":562762,"date":"2020-07-23T16:54:55","date_gmt":"2020-07-23T14:54:55","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=562762"},"modified":"2020-07-23T16:54:55","modified_gmt":"2020-07-23T14:54:55","slug":"whales-moved-700000-eth-before-ethereum-broke-250","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/whales-moved-700000-eth-before-ethereum-broke-250\/","title":{"rendered":"Whales Moved 700,000 ETH Before Ethereum Broke $250"},"content":{"rendered":"
Quick take:<\/strong><\/p>\n Ethereum (ETH)<\/a> opened the week at a value of $234 and was trading below $250 until yesterday when news broke that US banks can now offer crypto custody solutions<\/a> to their customers. The bullish news resulted in both Bitcoin and Ethereum breaking the crucial resistance zones of $9,500 and $250<\/a> respectively.<\/p>\n Before Ethereum broke $250, all technical indicators were clear<\/a> that a move by ETH to break this zone was imminent. At the same time, and for three days before the move above $250, the top 100 Ethereum whales moved 700,000 ETH. This translates to approximately $184 Million using Ethereum’s current value of $264. This movement of 700,000 ETH by Ethereum whales was captured by the team at Santiment via the following tweet.<\/p>\n Nearly 700K $ETH<\/a> were moved by top 100 whales in the past 3 days. Over this time, the combined balance of the top 100 non-exchange ETH addresses shrank by almost 700K ETH, or about ~$182.7M. This was likely pre-pump positioning & a forewarning of the pump. https:\/\/t.co\/mcqQYGbZGd<\/a> pic.twitter.com\/pM3fM6TzwC<\/a><\/p>\n — Santiment (@santimentfeed) July 23, 2020<\/a><\/p><\/blockquote>\n\n
Whales Moved 700k ETH Before Ethereum Broke $250<\/h2>\n
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