Ethereum Whale Group “7 Siblings” Sells $88.2 Million in ETH Amid Short-Term Profit-Taking Trends
Main Idea
The Ethereum whale group '7 Siblings' sold $88.2 million in ETH within 15 hours, reflecting short-term profit-taking amid rising prices, while analysts project potential future price increases for ETH based on Bitcoin's performance.
Key Points
1. The '7 Siblings' group sold 19,461 ETH at an average price of $4,532, totaling $88.2 million.
2. Short-term Ethereum holders realized approximately $553 million in daily gains, driving profit-taking as ETH trades around $4,600.
3. Analysts project ETH could reach $8,600 if Bitcoin hits $150,000, based on historical market trends.
4. The Ethereum Foundation sold 2,795 ETH worth $12.7 million, reducing its holdings to 99.9 ETH.
5. Despite profit-taking, some remain bullish on ETH, with institutional interest growing and spot Ether ETFs recording $1.01 billion in inflows.
Description
The Ethereum whale group “7 Siblings” has sold $88.2 million in ETH within 15 hours, as short-term traders capitalize on profits amidst rising prices. Ethereum whale activity: The “7 Siblings”
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