Ethereum Struggles to Gain Momentum as Whale Moves 24K ETH to OKX

Ethereum Struggles to Gain Momentum as Whale Moves 24K ETH to OKX

Price of Ethereum (ETH) continues to consolidate within the $1600 range.
The trading volume of ETH surged 27.67% in the last 24 hours.
A whale transfer of 24,000 ETH, worth $39.6 million, was recorded on the crypto exchange OKX.
Ethereum (ETH), the second-largest cryptocurrency, experienced a massive downtrend over the past few weeks, failing to break through its key resistances. Meanwhile, Ether whales have been executing huge transactions on leading crypto exchanges such as Coinbase and OKX in the last 24 hours.
Whale Alert, a blockchain tracker and analytics firm, reported a whale transaction of 24,000 ETH, worth 39,618,881 USD, from an unknown wallet to the crypto exchange OKX. Following this 4-hour-old transaction, an anonymous whale accumulated the same amount of ETH from OKX. Similarly, eleven hours ago, a massive ETH whale dumped nearly 21,299 ETH to the Coinbase exchange.
Is Ethereum (ETH) Price Reacting to These Whales?
At the time of writing, Ethereum (ETH) traded at $1,648,

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We współpracy z: https://thenewscrypto.com/ethereum-struggles-to-gain-momentum-as-whale-moves-24k-eth-to-okx/

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