Ethereum at Risk? Whale Activity and On-Chain Signals Hint at Further Correction
Ethereum’s price action has demonstrated a pullback in recent days, reacting to broader market cues, including geopolitical developments. As of the time of writing, the asset is trading at $2,621, marking a 3.2% decline over the last 24 hours. The drop follows recent reports of a federal court reinstating US President Donald Trump’s tariffs, which appear to have triggered a brief wave of risk-off sentiment across the crypto asset space. Despite this short-term weakness, ETH remains up approximately 45% over the past month, supported by momentum built earlier in the quarter.....
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Analysts reported that there is a growing demand for Ethereum due to the increasing appeal of the digital currency to large investors. The whale activity serves as one of the indicators that the cryptocurrency is gaining momentum for possible significant growth, capitalizing on the positive market sentiment on the crypto industry. Related Reading: Chainlink 125% Target In Sight As Whale, On-Chain Activity Soar—Analyst Growing Whale Activity Santiment reported that the number of transactions made by Ethereum whales saw a huge spike in recent days. ETH whales refer to large investors who....
On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally. Ethereum Transaction Volume & Whale Transfer Count Have Spiked Recently According to data from the on-chain analytics firm Santiment, Ethereum has seen an uplift in two activity-related metrics. The indicators in question are the Transaction Volume and the Whale Transaction Count. The first of these, the “Transaction Volume,” keeps track of the total amount of the cryptocurrency (in USD) that users on the ETH network are shifting across....
On-chain data shows Bitcoin, XRP, and other top cryptocurrencies have been witnessing notably lesser activity from the whales recently as compared to earlier in the year. Bitcoin, XRP Among Assets Observing A Decline In Whale Transactions In a new post on X, the on-chain analytics firm Santiment has discussed about how the latest trend in the Whale Transaction Count has been looking like for the various top coins in the sector. Related Reading: ‘Paper’ Bitcoin On The Decline: What It Means For BTC The “Whale Transaction Count” here refers to an on-chain metric that keeps track....
Bitcoin has bounced back from its latest low as on-chain data shows the Whale Transaction Count has witnessed a spike on the network. Bitcoin Whale Transaction Count Has Just Seen A Large Spike As pointed out by analyst Ali Martinez in a new post on X, whales notably upped their activity during the recent price surge. The indicator of relevance here is the “Whale Transaction Count” from the on-chain analytics firm Santiment, which measures the total number of transfers occurring on the Bitcoin blockchain that are carrying a value of more than $1 million. Only the whale entities....
Over the last week, Ethereum (ETH) has seen its price take a slight hit following the general market crash due to reports of a massive Bitcoin sell-off. According to data from CoinMarketCap, ETH is down by 5.01% in the last seven days, bringing its total price loss in the previous month to 10.80%. Albeit, despite Ethereum’s negative performance, the on-chain analytics platform, Santiment, has noted some positive developments in terms of whale activity. Related Reading: Here’s Why This Crypto Expert Believes Ethereum Is The ‘Biggest Block’ Against Bitcoin Adoption Ethereum....