Whale Moves 40,000 ETH to Bitfinex, Ethereum Price at Risk

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

X.N%

MASS.O-2.93%

Source: Coinmarketcap

Updated: Jan 06 2025

Whale Transaction Impact: A significant whale transaction involving 40,000 ETH valued at approximately $146.08 million has raised concerns among traders about potential sell-offs and increased volatility, despite Ethereum's recent bullish momentum above $3,600.
Support and Resistance Levels: Ethereum is currently facing strong resistance at $3,645 and has key support levels at $3,627 and $3,528; analysts remain optimistic about its upward potential, targeting $4,000 as a crucial psychological level for further gains.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Whale Moves 40,000 ETH to Bitfinex, Ethereum Price at Risk

About the author

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