Celsius Network Wallet Sends Millions in ETH Twice: What’s Behind It?
WikiBit 2024-10-31 19:40A Celsius Network-linked address conducts major Ethereum transfers to FalconX, sparking interest. Joint Ethereum movements signal institutional-level
Additional transfers include 1,000 ETH worth $2.66 million and a smaller movement of 302.7 ETH, equivalent to $892,060, directed to FalconX deposits.
Ethereums Market Performance Reflects Stable Activity
Following these transactions, Ethereums market performance has shown slight appreciation. As of press time, the asset was trading at $2,652.06, recording an increase of 0.38% in price. Additionally, Ethereums market cap was at $319.33 billion, with a trading volume of $21.67 billion, recording a rise of 6.56% over the last day.
According to technical indicators, Ethereums movements show mixed signals. The MACD line has crossed above the signal line, suggesting possible bullish momentum. However, the histogram is relatively flat, pointing to decreased buying pressure.
Additionally, the RSI stands at 56.99, placing ETH in a neutral position without signs of being overbought or oversold.
Related:
Understanding the Legal Challenges of Crypto Bankruptcies
Ethereum Slumps As Celsius Transfers 13K ETH to Coinbase and FalconX
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