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Historically, significant movements by whale accounts have led to notable price fluctuations. When large amounts of cryptocurrency are sold off, it can trigger a domino effect, causing other traders to panic and sell their holdings, further driving down the price. As of writing this article, the Ethereum price is $3,447.60. It has fallen 0.30% in the last 24 hours. However, the ETH price is down 8.94% over the past 30 days thanks to the ongoing bearish phase on the broader market. While the ultimate impact on Ethereum’s price remains to be seen, the movement of such large amounts of ETH to an exchange is a signal that cannot be ignored.
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Source: FXStreetNews - 🏆 14. / 72 Read more »