Key notes
- Galaxy Digital has transferred $ 40 million from ETH to Binance for the past three days.
- Ethereum Stablecoin reserves dropped more than a billion dollars last week.
- The analyst highlights $ 1,546 as a key support area, with signs of a potential rebound.
Galaxy Digital, the crypto investment company led by Mike Novogratz, has unloaded Son Ethereum
Ethn
$ 1,597
24h volatility:
1.9%
COURTIC CAPESSION:
$ 192.78 B
Flight. 24 hours:
$ 11.83 B
Holdings in the past few days.
According to the Blockchain Analytics Lookonchain platform, the company filed an additional 12,500 ETH, worth around $ 20.36 million in Binance on April 15. In particular, Galaxy has moved 25,000 ETH worth more than $ 40 million to exchange in just three days.
Galaxy Digital filed 12,500 others $ ETh($ 20.36 million) #Binance 5 hours ago.
It’s 25,000 $ ETh($ 40 million +) moved to #Binance in just 3 days. pic.twitter.com/tbthimgwwo
– Lookonchain (@lookonchain) April 15, 2025
The moment of these sales coincides with the difficulties of the current prices of Ethereum. ETH is currently faced with the pressure pressure pressure pressure, down almost 50% compared to the same era last year.
On Monday, a large Whale Ethereum sent 8,922 ETH worth $ 14.82 million to Kraken, while another liquidated 8,001 ETH for $ 13.06 million at a price of $ 1,632 per ETH.
Whales sell $ ETh!
0xc19d deposited 8 922 $ ETh($ 14.82 million) at #Kraken in 1 hour.
0x4e7a sold 8 001 $ ETh($ 13.06 million) $ 1,632 in the last hour. pic.twitter.com/wn26nw1tuh
– Lookonchain (@lookonchain) April 14, 2025
Meanwhile, the Ethereum network is also on tension. Stablecoin supplies on Ethereum blockchain dropped more than a billion dollars last week. This occurs while the USDT and USDC volumes on the Rival Tron blockchain increased by $ 1.52 billion, according to Lookonchain.
In the last 7 days, Stablecoins (USDT and USDC) #Tron increased by $ 1.52 billion and stablecoins (USDT and USDC) on #Ethereum reduced by 1.02b. pic.twitter.com/quifwhmtqy
– Lookonchain (@lookonchain) April 14, 2025
In addition, the total locked value of Locked Ethereum (TVL) in DEFI has dropped for $ 20 billion since 2025-starting, currently at $ 46.5 billion.
Opportunity in the middle of panic?
Despite the slowdown, several analysts see this as a good opportunity to buy for investors. The popular analyst of the chain, Ali Martinez, stressed that Ethereum could approach a crucial support area.
The most critical support for #Ethereum is at $ 1,546.55, where 822,440 $ ETh were previously accumulated. A level to watch closely! pic.twitter.com/kknk9zittt
– Ali (@ali_charts) April 15, 2025
According to Martinez, the fork of $ 1,546 has historically served as a basis, with more than 820,000 ETH accumulated before in this area.
He predicted that traders could see a potential rebound, citing a signal for purchasing the TD sequential indicator on the weekly graph of Ethereum.
Ethereum (ETH)
During the editorial staff, Ethereum (ETH) is negotiated about $ 1,642, with total market capitalization of more than 198 billion dollars. On the daily ETH price table, the RSI is seated around 42 with an ascending gradient. This suggests that there is ample space for the ascending movement, although the purchase volume must increase.
It is important to note that a RSI fall could indicate an additional low price.
Eth Daily Chart | Source: Commercial view
The second largest cryptocurrency approaches the Bollinger group in the middle (20-day SMA). If he holds this level around $ 1,655, traders can expect a bullish momentum, reaching the upper band (about $ 2,000).
On the other hand, the lower strip (approximately $ 1,429) serves as a dynamic support for ETH.
Eth Daily Chart | Source: Commercial view
Meanwhile, the MacD line remains below the signal line despite a slightly positive histogram, indicating a slow ascending moment. If the price drops below, it could go to $ 1,400, especially if MacD crosses in a downward manner.
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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.
Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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