{"id":567497,"date":"2021-06-22T18:15:02","date_gmt":"2021-06-22T15:15:02","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=567497"},"modified":"2021-06-22T18:15:02","modified_gmt":"2021-06-22T15:15:02","slug":"ethereum-loses-2k-support-top-10-non-exchange-whales-keep-holding","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-loses-2k-support-top-10-non-exchange-whales-keep-holding\/","title":{"rendered":"Ethereum Loses $2k Support, Top 10 Non-exchange Whales Keep Holding"},"content":{"rendered":"<ul>\n<li><strong>Ethereum has lost its $2k support zone hitting a local low of $1,700 today<\/strong><\/li>\n<li><strong>However, Ethereum&#8217;s top 10 non-exchange whale addresses keep holding<\/strong><\/li>\n<li><strong>Other Ethereum investors have sent $500M worth of ETH to crypto exchanges in the last week<\/strong><\/li>\n<li><strong>Ethereum looks set for its very own death cross in mid-July<\/strong><\/li>\n<\/ul>\n<p>Yesterday, Ethereum lost its crucial $2k support zone as Bitcoin battled to maintain a value above $30k. However, and according to an analysis shared by the team at Santiment, the top 10 non-exchange <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-whales-are-still-hodling-eth-accumulated-since-oct-2020\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum whales<\/a> have continued to hold despite the bearish outlook of ETH moving forward.<\/p>\n<p>The team at Santiment shared their analysis of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">Ethereum<\/a> through <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1407164647875092481\" target=\"_blank\" rel=\"nofollow noopener\" data-schema-attribute=\"\">the following statement<\/a> and accompanying chart.<\/p>\n<blockquote><p><span class=\"r-18u37iz\">Ethereum<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">&#8216;s top 10 non-exchange whales continue to hold record levels of <\/span><span class=\"r-18u37iz\">ETH<\/span><span class=\"css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0\">, and are even inching upward despite the dip below $1,900 Monday. Meanwhile, the top 10 exchange whale holdings keep declining, which implies less chance of further sell-offs.<\/span><\/p><\/blockquote>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-scaled.jpg\"><img class=\"aligncenter size-large wp-image-567498\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-1024x620.jpg\" alt=\"\" width=\"1024\" height=\"620\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-1024x620.jpg 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-300x182.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-770x467.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-1536x931.jpg 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-2048x1241.jpg 2048w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-500x303.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-240x145.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-717x434.jpg 717w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETH-whales-santiment-June-22nd-1347x816.jpg 1347w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<h2>Ethereum Investors Send $500 Million worth of ETH to Exchanges in the Last Week<\/h2>\n<p>The market weakness exhibited by Ethereum has led to the deposit of 282k ETH to crypto exchanges in the last seven days. This amount of Ethereum worth $500 million, has been highlighted in the following screenshot courtesy of Viewbase.com.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd.jpg\"><img class=\"aligncenter size-full wp-image-567503\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd.jpg\" alt=\"\" width=\"888\" height=\"287\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd.jpg 888w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd-300x97.jpg 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd-770x249.jpg 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd-500x162.jpg 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd-240x78.jpg 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/500M-in-ETH-to-Crypto-Exchanges-June-22nd-717x232.jpg 717w\" sizes=\"(max-width: 888px) 100vw, 888px\" title=\"\"><\/a><\/p>\n<p>&nbsp;<\/p>\n<h2>Ethereum Could Experience a Death Cross in the Month of July<\/h2>\n<p>With respect to price, Ethereum is currently <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-dropping-to-1800-is-probable-with-a-rising-btc-report\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">trading at $1,822<\/a> after a dip earlier today, to a local low of $1,700. Ethereum is consolidating at the 200-day moving average (green) as seen in the following daily ETH\/USDT chart.<\/p>\n<p><a href=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd.png\"><img class=\"aligncenter size-full wp-image-567500\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd.png\" alt=\"\" width=\"1024\" height=\"528\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd-300x155.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd-770x397.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd-500x258.png 500w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd-240x124.png 240w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2021\/06\/ETHUSDT-June-22nd-717x370.png 717w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><\/a><\/p>\n<p>Also from the chart, it can be observed that the 200-day moving average is providing Ethereum with support at the $1,800 price zone. However, this area might not hold for long as Ethereum&#8217;s trade volume indicates selling pressure that can be confirmed with the red histograms of the MACD.\u00a0The daily MFI and RSI are in oversold territory and could hint of a temporary relief rally for Ethereum as we head towards the month of July.<\/p>\n<p>Next month provide an inflection point for Ethereum as the 50-day moving average (white) looks set to intersect the 200-day MA in <a href=\"https:\/\/en.ethereumworldnews.com\/bitcoins-dreaded-death-cross-on-the-daily-chart-beckons\/\" target=\"_blank\" rel=\"noopener\" data-schema-attribute=\"\">a death cross<\/a> event around the first two weeks of the month.<\/p>\n<p>Therefore, caution is advised when longing Ethereum given the current market conditions that could be the beginning of a bear season for the entire crypto markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum has lost its $2k support zone hitting a local low of $1,700 today However, Ethereum&#8217;s top 10 non-exchange whale addresses keep holding Other Ethereum investors have sent $500M worth of ETH to crypto exchanges in the last week Ethereum looks set for its very own death cross in mid-July Yesterday, Ethereum lost its crucial $2k support zone as Bitcoin battled to maintain a value above $30k. However, and according to an analysis shared by the team at Santiment, the [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":567501,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[823],"tags":[1322,108122,213,5016],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567497"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=567497"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/567497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/567501"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=567497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=567497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=567497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}