“Ether’s Price Fell Nearly 10% This Week, Breaking A Five-Week Winning Streak Amid Broader Market Jitters.”, – WRITE: www.coindesk.com
Programmable Blockchain Ethereum’s Native Token, Ether, Has Droped Nearly 10% This Week, Hitting Lows Under $ 3.400 at One Point, Coindesk Data Show. The Decline Follows A Robust Five-Week Winning Streak, Signaling Profit-Taking OR De-Leverage Alongside Losses on Wall Street.
The Bearishness, However, Contrast with a Powerful Signal of Long-Term CONVICATION FROM A WHALE. Accorging to -chain Data Tracked by Arkham Intelligence, A Single Entity Snapped Up A Massive $ 300 Million Wrth of Ether As Prices Fell, Executing A Majoor “Buy The DIP” OPERATION.
IT’s the CASE OF BULLISH DIVERGENCE. While The Weekly Price Action Suggests a Loss of Immediate Upward Momentum and Potential Profit-Taking, The Significates A Beliefs Down Down Down.
The Message Is Clear: As The Price Drop Flushes Out Weaker Hands, The Process If Being Met with Determined Buying from A High-Convention Entility.
Arkham Intelligence’s Post on X.
A Fresh Bout of Macro Jitters, Sparked by the Buoyant US Dollar and Friday’s Disappointing US Jobs Data, Has Put The Crypto Market on the Back Foot.
Bitcoin, The Largest Digital Asset by Market Value, Has Held Relatively Resilient, Down Just 4.5% for the Week. BTC’s Outperformance Relative Eth Confirms the Change in Market Sentiment Sentiment Against Eth That Was First Signrated by the Options Market.
Omkar Holds A Master’s Degree in Finance and A Charterred Market Technician (CMT) Designation.
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