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Altcoin News
The psychological level of $2,000 was recaptured in today’s session. ETH started the day with a gloomy outlook.
The price of ETH is steadily rising as the crypto market experienced a relief rally. ETH started the day with a gloomy outlook, but buyers recovered and pushed the price higher. The price of the cryptocurrency soared beyond the $2,000 level due to the surge. Despite this, negative pressure from the asset remained strong.
After a low of $1,701, ETH price has started to recover. The psychological level of $2,000 was recaptured in today’s session. However, the overall decline in assets continued to overwhelm any gains. There are no signs of a breakout yet as the price trades below the key moving averages and resistance levels for all periods. So any short-term gain can be seen as another opportunity to create short positions until there is substantial confirmation of the positive effect.
Coins and other digital assets have taken a big leap after more than $30 billion hit the market in 24 hours. After bouncing from the $26,660 support level, Bitcoin has now recovered $30,000 as a resistance level. After the collapse of Terra’s UST, many investors were surprised by the rapid spike. Still, Bitcoin appears to be in a position to continue rising.
Whale Alert
In its databases, Whale Alert collects all transactions from different blockchains, analyzes them and then stores them in a unified style. With artificial intelligence (AI), these databases are regularly updated with thousands of known individual addresses, exchanges and addresses.
An anonymous wallet sent 10,000 ETH to FTX from an unidentified wallet. The analytics and monitoring company said the transaction was valued at USD 21,074,978. Transaction records show that the transaction occurred on May 13, 2022 at 15:39:27 UTC.
