- ETH’s price climbed more than 3.6% over the past 24 hours, elevating it to $1,893.51.
- Prior to ETH’s surge, a whale withdrew $16 million worth of ETH after depositing 31.8 million USDT on Binance.
- Technical indicators on ETH’s daily chart suggested that its price may rise in the next 24-48 hours.
The price of Ethereum (ETH) surged more than 3.6% over the past 24 hours, according to CoinMarketCap. As a result of the latest price increase, the altcoin leader was trading hands at $1,893.51 at press time. This 24-hour gain added to ETH’s weekly performance, pushing it up to +6.49% as a result.
A possible reason for ETH’s strong performance throughout the past day of trading could be transactions made by a particular whale in the last few hours. In an X post this morning, the on-chain tracking platform Lookonchain revealed that a whale withdrew another 8,618 ETH, worth $16 million, from Binance in the past 12 hours.
This smart whale withdrew another 8,618 $ETH ($16M) from #Binance 4 hours ago.The post Ethereum (ETH) Surges as Whale Continues Scooping up the Altcoin appeared first on Coin Edition.The whale deposited 31.8M $USDT to #Binance and withdrew 17,316 $ETH, the buying price is ~$1,836.https://t.co/OLrmsm7kAi pic.twitter.com/WHvgeaR5At
— Lookonchai…