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Whale Moves $33 Million Worth Of ETH To Binance; Is Ethereum Price In Danger?

source-logo  coingape.com 18 March 2023 20:46, UTC

Ever since Ethereum’s price broke out of its multi-month phase of consolidation on March 10, the altcoin with the largest market cap has gotten off to a blazing start, contributing to a meteoric rise in its value. The flagship cryptocurrency earned itself a sweet price gain today as it broke beyond the $1800 threshold on Saturday. However, according to recent market data, about 18,657 ETH has been caught transferring to the Binance exchange, which casts doubts on a potential sale taking place, resulting in a price slump for Ethereum.