{"id":34175,"date":"2023-12-15T04:36:56","date_gmt":"2023-12-15T04:36:56","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2023\/12\/15\/ftx-and-celsius-deposit-large-amounts-of-ethereum-on-exchanges-eth-price-drop-soon\/"},"modified":"2023-12-15T04:36:57","modified_gmt":"2023-12-15T04:36:57","slug":"ftx-and-celsius-deposit-large-amounts-of-ethereum-on-exchanges-eth-price-drop-soon","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2023\/12\/15\/ftx-and-celsius-deposit-large-amounts-of-ethereum-on-exchanges-eth-price-drop-soon\/","title":{"rendered":"FTX and Celsius Deposit Large Amounts of Ethereum on Exchanges, ETH Price Drop soon?"},"content":{"rendered":"

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The world\u2019s second-largest cryptocurrency Ethereum (ETH) has been exhibiting some good value motion with the ETH value taking pictures all the way in which to $2,300 earlier this week. At press time, ETH is buying and selling at $2,281 with a market cap of $274 billion.<\/p>\n

FTX and Celsius Deposit Large Amounts of ETH to Exchanges<\/h3>\n

As per the most recent knowledge, two bankrupt crypto corporations FTX and Celsius Networks have been depositing massive quantities of ETH to the crypto exchanges. Both FTX and Celsius Network have initiated substantial Ethereum (ETH) transfers following the resurgence of ETH costs above $2,300.<\/p>\n

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As per knowledge by SpotonChain, bankrupt crypto lender Celsius Network executed<\/a> a considerable ETH deposit of 7,500 ETH (equal to $17.4 million) to FalconX roughly 8 hours in the past. This transfer comes on the heels of Celsius depositing a staggering 25,000 ETH (equal to $57 million) to each FalconX and Coinbase up to now week. The strategic transfers point out notable exercise and funding selections inside Celsius Network.<\/p>\n

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On the opposite hand, FTX made a major transfer by transferring 1,593 ETH (equal to $3.66 million) to the handle labeled 0xCeF round 55 minutes in the past. Notably, the vacation spot handle 0xCeF at present holds 2,244 ETH (equal to $5.16 million) and hints at a possible ETH deposit to Coinbase within the close to future. FTX\u2019s well timed and sizable transactions add to the dynamic panorama of crypto exchanges responding to market actions.<\/p>\n

These substantial ETH transfers from Celsius Network and FTX underscore the evolving methods and positions of main crypto entities amid the cryptocurrency market\u2019s steady fluctuations. Investors and lovers are keenly observing these actions for potential insights into market tendencies and upcoming developments.<\/p>\n

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Ethereum Price Action Ahead<\/h3>\n

The Ethereum (EHT) value has been capable of maintain above $2,300 and has been going through rejection at these ranges. On the draw back, the essential demand zone for ETH is from $1,934 to $2,160. Within this demand zone, 5.58 million addresses have been holding a complete of practically 40 million <\/span>$ETH<\/span>.<\/span><\/p>\n

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