- Ethereum even fell below the 23.6 percent Fib retracement level.
- Whale Alert noted that the transaction was valued at USD 12,629,553.
Ethereum attempted to break over the $4,020 and $4,050 resistance levels to gather momentum. ETH breached even the $4,050 mark and the 100-hour simple moving average. No more gains were made over $4,075. When the price hit $4,075, it began a downward decline. Moreover, the $4,000 threshold of support was breached. Ethereum even fell below the 23.6 percent Fib retracement level of the upward run from the swing low of $3,750 to the high of $4,075 in price.
Whale Alert uses one common format to store transactions from a variety of different blockchains. Furthermore, with artificial intelligence (AI), these databases are regularly updated with thousands of known individual addresses, exchanges, and addresses.
An unidentified whale has deposited a large sum of money to OKEx from an unknown wallet. A blockchain analytics and monitoring organization called Whale Alert also noted that the transaction was 3,200 ETHs in value of USD 12,629,553.
🚨 3,200 #ETH (12,629,553 USD) transferred from unknown wallet to #OKExhttps://t.co/eYxPJxJN8K
— Whale Alert (@whale_alert) December 23, 2021
Whales Back in Action
Hundreds of millions of dollars of ETH have been moved overnight by crypto whales. The large crypto transfer networks were initially discovered using the Whale Alert monitoring and analysis program. As per the Whale Alert data, the transaction occurred on Thursday, December 23, 2021, at 13:35:18 GMT. Moreover, ethereum has been down 0.38% in the last 24 hours. Whale Alert also mentioned, on its official Twitter account:
“3,200 #ETH (12,629,553 USD) transferred from unknown wallet to #OKEx”.
According to CoinMarketCap, the Ethereum price today is $3,950.21 USD with a 24-hour trading volume of $14,240,981,781 USD.
