The huge ETHEREUM (ETH) treatment has recently taken the attention of the encryption community. According to Blockchain data tracker Pisces alert129,392 ETH was transferred at a value of 312,981,377 dollars from an unknown wallet to the main Coinpase Coinpase.
The timing of the transportation is particularly noticed, with ETHEREUM prices trading in red. Exchange deposits mean intention for sale, while withdrawals may indicate purchase. This step may be an institution that restores boxes, with the exact cause of movement and an unknown transmission portfolio.
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In this light, the market is closely monitoring to see if ETH has been sold, kept in the reserve or re -customizing it. At the time of this report, ETHEREUM is traded less, reflecting a wider sale in the encryption market, which led to $ 471 million in the rank.
ETH price in red despite ETF flows
Ethereum Etfs has shown a little demand in its first year, but the trends have been improved since then thanks to renewed institutional interests. According to Sosovalue, the money that follows the price of Spot ETH is on its way to the sixth week in a row of flows and the eighth positive week in the last nine.
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Despite the rise in flows, the price of the ETHEREUM is negative this month and has not changed during the previous month.
For this year, ETHEREUM decreased by 25 %, partly due to uncertainty about the ETHEREM value proposal, reducing revenues since the last major technical upgrade and increasing competition from Solana. The last market, which is fueled by total economic uncertainty, did not help either.
In March, Standard Charted reduced its target price for more than half. However, the company also stated that the currency may still see a recovery this year. At the time of writing this report, ETH has decreased by 3.26 % in the past 24 hours to $ 2,425 and lowering 4.17 % per week.
