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Business & Economics

Ethereum Whales Sell On Rise, Will This ETH Price Bounce Sustain?

CoinGape
Summary
Nutrition label

64% Informative

ETH price is showing signs of a bullish reversal, trading at $ 1,612 and forming a falling wedge pattern.

Long-term ETH whales have been offloading their ETH holdings in big numbers over the past three days as ETH price faces massive selling pressure.

Donald Trump ’s DeFi project, World Liberty Financial , has also been selling ETH during this panic sell-off.

US SEC has approved options trading for spot Ether ETF, which could lead to greater institutional participation.

VR Score

44

Informative language

33

Neutral language

18

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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