Did Ethereum Price Drops Happen with the Influence of FTX and Alameda?

Large-scale Ethereum (ETH) transactions by FTX and Alameda Research companies have caught the market’s attention. These transactions raised claims of a potential correlation that could trigger the fluctuations in ETH price. FTX and Alameda’s Transactions Moved the Market Recently, the companies transferred $24.57 million worth of ETH to the Coinbase exchange, causing various speculations among market experts. Moreover, during the activity of FTX and Alameda, Ethereum’s market value showed a significant decline. Analyses suggest a strong connection between the actions of these two major players and the fluctuations in the Ethereum price. The changes in ETH’s market value following the transactions also led to interpretations supported by graphical representations. What Is the Ethereum Price? According to technical analysis, the price chart of ETH shows a significant decline at the $3,850 resistance level. The opening of the resistance level indicates a price increase, while the failure to open it could lead […]

Did Ethereum Price Drops Happen with the Influence of FTX and Alameda?

Large-scale Ethereum (ETH) transactions by FTX and Alameda Research companies have caught the market’s attention. These transactions raised claims of a potential correlation that could trigger the fluctuations in ETH price.

FTX and Alameda’s Transactions Moved the Market

Recently, the companies transferred $24.57 million worth of ETH to the Coinbase exchange, causing various speculations among market experts. Moreover, during the activity of FTX and Alameda, Ethereum’s market value showed a significant decline.

Analyses suggest a strong connection between the actions of these two major players and the fluctuations in the Ethereum price. The changes in ETH’s market value following the transactions also led to interpretations supported by graphical representations.

What Is the Ethereum Price?

According to technical analysis, the price chart of ETH shows a significant decline at the $3,850 resistance level. The opening of the resistance level indicates a price increase, while the failure to open it could lead to further losses in ETH’s value.

If the current resistance level cannot be overcome, the price could drop to $3,350, potentially causing a deeper decline.

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