ETH Plunges 12.9% Amid $58.5B Volume Surge, Network Updates, and ETF Outflows Impact Market
Ethereum (ETHUSDT) experienced a significant price decrease of 12.90% over the last 24 hours, opening at 2143.69 and currently trading at 1867.13 on Binance. This decline is attributed to recent selling activity by key figures such as Vitalik Buterin, outflows from Ethereum ETFs, reduced accumulation by large holders, and a broader crypto market sell-off. Additional factors include increased transaction volume following major network updates, a drop in staking yields to around 2.84%, and macroeconomic uncertainty impacting market liquidity. Ethereum’s trading volume surged to over $58.5 billion in the last 24 hours, reflecting heightened market activity amid volatility, with its market capitalization holding near $224 billion and circulating supply at approximately 120 million ETH.
🚨 $BTC ALERT – Massive Move Spotted! 🚨
$BTC just blasted sky-high with an insane green candle 🟢 looks like a historic short squeeze or major liquidation event.
Key Levels & Plan:
Last Price: ~$93,469
Immediate Support: 90,000 – 91,000
Next Resistance / Take Profit: 98,000 – 102,000
Strategy: Partial profit-taking if already long, avoid chasing on the spike, watch for pullbacks for safer entries.........................
Trade Notes:
This move could retrace quickly don’t let FOMO hit.
Assess your current positions carefully; shorts may have been liquidated.................
Look for confirmed retests before adding new long positions...............
💥 Remember: Big moves like this scream caution first, strategy second. Stay sharp!
{spot}(BTCUSDT)