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BlockTower Capital DumpsCoinGape
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62% Informative
BlockTower Capital dumped 9,232 ETH worth $25 million on Tuesday , August 13 .
ETH price is currently hovering around $2,656 after facing rejection at the $ 2k resistance level.
This rejection, combined with looming death cross indicated by 50-day Exponential Moving Average ( EMA ) crossing below 200-day EMA , suggests potential bearishness ahead.
ETH price is not strongly supported above $ 2,500 , but there is a clear rebound path toward $ 3,000 .
If ETH can breach the immediate $ 2k hurdle, it could ignite rapid upward price movement.
This could potentially leading to a new bullish phase that could see the price advance toward $ 4k .
Meanwhile, CrediBULL Crypto , a crypto analysts on X, predicted a downtrend for Ether before it breaks above $3k .
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