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Analysis: Due to whales taking profits, Ethereum may face significant adjustments

Analysis: Due to whales taking profits, Ethereum may face significant adjustments

2024/03/20 03:30

News on March 20th, data shows that ETH has fallen nearly 20% from its previous high, erasing recent gains. On-chain data shows that in the past four days, three large Ethereum wallet investors have taken profits from their holdings of Ethereum. The three Ethereum whales sold 26,946 ETH worth $95.7 million and made a profit of $39 million. Analysts say that due to the whale's profit-taking, Ethereum may face significant adjustments.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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