in spite of ethereum Given the poor year-to-date performance, Coinbase's analysis suggests a bullish outlook for the second half of 2024. The key factor is the likelihood of an ETH Spot ETF being approved, with a 30% to 40% chance of passage.
Even if the ETF is rejected, the decision is likely to be overturned in court, providing further optimism for Ethereum's future.
2024.04 杠杆做田 $ETH 亏损 Giant Golden Gold 过 In the past 24 hours 杠杆 杠杆 杠杆 杠杆 买 买 买 买 买 买 杠杆 杠杆 杠杆 杠杆 杠杆 还 还 还 还 还 🤓 🤓 🤓 🤓 还 还 还 还 还 总
Current health status: 1.24, 8,454 ETH borrowed 17.5 million USDT pic.twitter.com/443K0Wy0J3
— Ai (@ai_9684xtpa) May 18, 2024
Ethereum is currently trading above the $3,000 mark and is seeing strong activity from major investors.
On-chain data reveals that the whale, who previously lost more than $4 million, used leverage to purchase 5,043 ETH (including a principal amount of 3,400 ETH) in the past 24 hours, totaling $26.35 million. I did.
The investor's health level is stable at 1.24, with 8,454 ETH pledged and $17.5 million USDT owed.
Ethereum whale withdraws large amount from Gemini
In a notable transaction, a new wallet created over 27 hours ago withdrew 1,870.68 ETH (worth $5.7 million) from Gemini. The wallet owner then used these funds to purchase 6 million of his ONDO tokens at an average price of $0.95 within the past few hours.
Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH(from $5.7 million) #gemini.
Then he spent $1,870 $ETH($5.7 million) to buy 6 million $ONDO The average price in the last 27 hours is $0.95.
Does this guy know something we don't? https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024
Increased whale activity and large transactions indicate growing confidence in Ethereum's potential.
These large moves suggest that investors are bracing for a possible bullish trend in the coming months as the market awaits the outcome of the ETH SPOT ETF's decision.
The combination of regulatory developments and large-scale on-chain investments highlights Ethereum’s resilience and potential for strong performance in the second half of 2024.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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