Amid the consolidation in the market, an whale from Ethereum's ICO woke up. Check out how ETH reacted.
, the ICO address’s last selling period was in the same year. During this time, the whale moved 36,000 ETH into the Kraken exchange.Usually, sudden increases in dormant wallet activity end in some selling. However, it was unclear if this transfer means that the ETH whale would take the same action as in 2017.With speculation about the intention behind the activity, ETH could still maintain a price above $1,800.
But ETH’s exchange inflow at the time of writing had skyrocketed. According to Santiment, the metric was up to 114,000. Used to measure the total transfer of assets into centralized wallets, a high exchange inflow suggests an increased motive to take profits or let go of some coins.As per the price action, the Moving Average Convergence Divergence showed that ETH could continue its upward momentum.
From the indicator, the blue dynamic line was above the orange dynamic line. This suggested that buyers were still
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