(VIANEWS) – A whale carrying Ethereum (CRYPTO ETH: ETH), sent Binance $20,285,923 in Ethereum.

The ETH address that was associated with this transaction is:

0x8f27fa136ff4da1796368380019029d81d12d06d

This is usually a negativity signal. When a cryptocurrency transfers from wallets to exchanges this is unusually  bearish signal for the coin. The majority of high-net-worth traders keep their money in a hardware wallet, which provides superior protection than cryptocurrency exchanges. Investors’ private keys are stored offline in hardware wallets, which protects their digital funds from online hackers and lost keys.

When whales deposit Ethereum on an exchange, it usually indicates that they are looking for liquidity. The investor is unlikely to keep their cryptocurrency on Binance because the security risks of storing big sums of cryptocurrency on an exchange are higher than storing these assets in hardware wallets. This Bitcoin whale is most likely planning on selling Ethereum or exchanging it for other altcoins.

Ethereum (ETH-USD) cryptocurrency is currently on bearish momentum by 4.11% in the last 24 hours. At 07:50 EST on Tuesday, 28 December, Ethereum (ETH-USD) is at $3,934.1800.

Volume

Today’s last reported volume for Ethereum is 15288161712, 42.39% below its average volume of 26538716172.29.

All-Time High and Low

Ethereum’s current value is at $3934.18, 19.15% below its all-time high of $4878.26 on Wednesday, 10 November.

Ethereum’s current value is at $3934.18, 910830.37% above its all time low of $4878.26 on Tuesday, 20 October.

Market Cap and Supply

Ethereum’s current market cap is 468391937038.

Ethereum (ETH-USD) Range

Regarding Ethereum’s daily highs and lows, it’s 0.71% up from its trailing 24 hours low of $3,906.3600 and 4.72% down from its trailing 24 hours high of $4,129.0400.

Social Status

Currently, Ethereum (ETH-USD) has 2017053 Twitter followers and 1192255 Reddit subscribers.

As of now, on Github, there are 12711 forks, 34362 stars, and 2129 subscribers.

Volatility

Ethereum’s last week, last month’s, and last quarter’s current intraday variation average was 0.74%, 0.07%, and 2.79%, respectively.

Ethereum’s highest amplitude of average volatility was 1.31% (last week), 2.49% (last month), and 2.79% (last quarter), respectively.

Other News About Ethereum (ETH-USD)

  • Bitcoin, ethereum, dogecoin trade flat after missing santa rally — does the great miner hoard indicate A bullish move for the apex coin?. According to Benzinga on Monday, 27 December, “The second-largest coin by market cap, Ethereum (CRYPTO: ETH) traded 0.7% lower at $4,066.47 over 24 hours. “, “Why It Matters: Bitcoin traded below the $51,000 levels over the holiday weekend, while Ethereum prices were largely flat as a Santa rally remained elusive.”
  • Crypto whale just moved $20m worth of ethereum (eth) off binance. According to Benzinga on Monday, 27 December, “What happened: An Ethereum (CRYPTO: ETH) whale sent $20,080,314 worth of Ethereum off Binance.”, “Ethereum whales that run their own validator nodes (costing 32 ETH each) must send their Ether to the Ethereum 2.0 beacon chain, which is then locked up until the launch of Ethereum 2.0 in 2022.”
  • Chart wars: as companies continue crypto adoption, are Bitcoin and ethereum headed for A bullish 2022?. According to Benzinga on Monday, 27 December, “Despite many crypto enthusiasts hoping the apex cryptos would end the year atall-time highs, with some analysts giving Bitcoin and Ethereum price targets of over $300,000 and $12,000, respectively, by the start of 2022. “, “The Ethereum Chart: Ethereum has been trading in an uptrend since Dec. 15 when it reacted bullishly to a double bottom pattern at the level, when paired with the price action on Dec. 13 where it bounced from the area.”
  • Eth/usd forecast: ethereum continues recovery – 27 December 2021. According to DailyForex on Monday, 27 December, “Because of this, a lot of traders have suggested that the beginning of the new year should see more Ethereum bullish pressure. “, “The Ethereum market has been recovering over the last couple of weeks, and even breached above the $4100 level during the Friday session. “
  • Anonymous crypto wallet moves $22m worth of ethereum onto binance. According to Benzinga on Monday, 27 December, “What happened: An anonymous cryptocurrency wallet holding $22,326,837 of Ethereum (CRYPTO: ETH) just transferred their funds onto Binance. “, “It’s likely that this Bitcoin whale is planning either on selling Ethereum or trading it for other altcoins.”

News about Bitcoin

  • Bitcoin loses luster to alternative coins in up day for crypto. According to Bloomberg Quint on Monday, 27 December, “The decline reduced Bitcoin products’ portion of the crypto market to 67.8% from 70.6%, the lowest share of the year, according to the data provider.”
  • Btc/usd forecast: Bitcoin breaks out in big move – 28 December 2021. According to DailyForex on Tuesday, 28 December, “Breaking above that then allows Bitcoin to continue going much higher, to go looking towards the $60,000 level, which is my target over the next several weeks.”
  • Bitcoin bull michael saylor says businesses that provide access to Bitcoin will be most profitable over next decade. According to Benzinga on Sunday, 26 December, “MicroStrategy (NASDAQ:MSTR) CEO Michael Saylor says that compliant custodial businesses that provide access to Bitcoin (CRYPTO: BTC) will likely earn the most from crypto in the next decade.”, “Earlier this month, Saylor mentioned that his company could put its Bitcoin into some form of partnership with a big tech company or bank.”
  • Ray dalio says Bitcoin will not hit $1m, calls Elon Musk plan to put dogecoin on the moon ‘cute’. According to Benzinga on Sunday, 26 December, “In September, he spoke about regulators controlling Bitcoin and how there is a danger that governments could destroy the crypto market or take complete control of digital currencies if they become too popular.”, “Earlier this month, Dalio said that he owned some Bitcoin and Ethereum (CRYPTO: ETH), but when asked how much he possesses, Dalio responded by saying that he doesn’t hold a lot of it: “I’m very big on diversification, and it’s a very small part of the portfolio.”
  • Btc/usd forecast: Bitcoin breaks $51,000 – 27 December 2021. According to DailyForex on Monday, 27 December, “If you have been following me here at DailyForex as of late, you know the thing that I wanted to see was Bitcoin taking out the $51,000 level. “, “The Bitcoin markets corrected enough that all of the weak hands have been blown out. “

More news about Ethereum (ETH-USD).

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