Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Under Pressure as Fidelity Transfers $
213 Million
ETH to Exchange
Leading altcoin Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) is facing increased selling pressure as
financial giant Fidelity transferred over $200 million worth of the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to Coinbase within 48 hours.
This significant influx of coins into the exchange has sparked concerns that
it could potentially exacerbate the existing downward pressure on the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
price.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Risks Decline As Fidelity Transfers ETH to Coinbase
In a series of transactions over the past 48 hours, the crypto arm of asset
management firm Fidelity has deposited $213 million worth of ETH to leading
exchange Coinbase via Cumberland.
According to Arkham, the first two transactions involving the transfer of
20,000 ETH to Coinbase were completed on January 8. The last transaction
executed on Thursday involved the deposit of 11,250 ETH valued at $36.51
million to Coinbase.
Sponsored
Sponsored
Fidelity Coin Transfers. Source: Arkham
These ETH transfers have led to a spike in the coin’s exchange inflow volume.
According to Glassnode, on January 9, a staggering 550,930 ETH, valued at over
$1 billion, was sent to exchange addresses—marking the highest single-day
inflow since December 20. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Exchange Inflow Volume. Source: Glassnode
This growing accumulation of ETH in exchange wallets could intensify the
downward pressure on its price if market demand fails to absorb the increased
supply.
When an asset’s exchange inflow surges, it signals increased selling pressure
as holders transfer assets to exchanges, potentially to liquidate. If sell
orders outweigh demand, this trend can lead to downward price movements.
ETH Price Prediction: Low Demand Worsens Concerns
Readings from the ETH/USD one-day chart have shown that no such demand exists
in the altcoin market to absorb the growing supply. Its declining Relative
Strength Index (RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI) reflects this weakening buying pressure. At press time,
this momentum indicator is on a downward trend at 42.73.
ETH’s RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI
• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI readings indicate weakening momentum, with the asset nearing
oversold territory but not yet critically undervalued. If buying pressure
wanes further, ETH’s price could drop below $3,249 and plummet toward $3,027.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Price Analysis. Source: TradingView
On the other hand, if exchange inflow stalls and demand climbs, it may drive
the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum price up to $3,758.
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