Key notes
- Galaxy Digital movements suggest a potential sale.
- This could push ETH below the $ 1,600 bar.
- ETH FNB also fight, strengthening the lowering feeling.
Galaxy Digital, an investment service provider in crypto, filed Ethereum
Ethn
$ 1,600
24h volatility:
1.6%
COURTIC CAPESSION:
$ 193.20 B
Flight. 24 hours:
$ 12.96 B
In the exchanges of upper cryptocurrency, binance and coinbase.
According to an X Lookonchain Post, Galaxy Digital sent a total of 49,681 ETH, worth almost $ 80 million, in Binance and Coinbase between April 12 and 17. Deposits came from the company’s over -the -counter portfolio (OTC) of the company, still holding $ 11.8 million in different crypto assets.
Galaxy Digital filed 49,681 $ ETh($ 79.37 million) in #Binance And #Coinbase In the last 5 days. pic.twitter.com/s12bgwssch
– Lookonchain (@lookonchain) April 17, 2025
The strong exchange deposits could have a negative impact on the feeling of the market, because some investors will probably join the sale.
Despite recent exchange deposits, Galaxy Digital still has $ 538.6 million in cryptocurrencies. Its greatest holdings are $ 329 million in Bitcoin
BTC
$ 84 605
24h volatility:
1.1%
COURTIC CAPESSION:
$ 1.68 T
Flight. 24 hours:
$ 24.58 B
$ 89.5 million in Ethereum, $ 36.2 million in USDT and $ 29.7 million in USDC.
The Galaxy Digital movement could refer to other exchange deposits and potential sales.
Sister Sister of Galaxy Digital, Galaxy Ventures, has raised $ 150 million to support startups from crypto startups and plans to add an additional $ 25 million to $ 30 million to the fund, according to Bloomberg.
On April 10, Galaxy Digital signed a 200 -megawatts agreement with the artificial intelligence infrastructure supplier Coreweave, suggesting its crypto extraction site in Texas to accommodate GPUs linked to AI.
Will Ethereum (ETH) price drop again?
The movements of Ethereum (ETH) prices would depend on the larger market movements of cryptography.
However, it is important to note that the first Altcoin has trouble breaking its $ 2,000 psychological barrier in the past three weeks.
On April 11, while ETH was negotiating about $ 1,550, the Santiment Chain Intelligence Society alluded to the Haussiers of Ethereum signals.
Three days later, Ethereum recorded a high amount of whale movements, passing the price from $ 1,550 to around $ 1,700. On April 15, however, the whales began to unload the ETH, returning its price below the level of $ 1,600.
If the current Galaxy Digital movements trigger a sale of whales, Ethereum will probably drop below the $ 1,550 support area.
The States Stake-based Stock Exchange Funds have also recorded consistent outings since April 7. According to Farside investor data, these investment products experienced a net output of $ 12.1 million on April 16.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Wahid analyzes and reports on the latest trends in the decentralized ecosystem since 2019. He has more than 4,000 articles in his name and his work has been presented on some of the main outlets, including Yahoo Finance, Investing.com, Cointelegraph and Benzinga. Apart from the reports, Wahid likes to connect the points between Defi and Macro on his newsletter, on Chain Moine.
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