{"id":36906,"date":"2024-01-24T10:46:18","date_gmt":"2024-01-24T10:46:18","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/24\/celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200\/"},"modified":"2024-01-24T10:46:18","modified_gmt":"2024-01-24T10:46:18","slug":"celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/24\/celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200\/","title":{"rendered":"Celsius Shifts $40 Mln Ethereum To Coinbase Amid ETH Price Dip To $2,200"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>Celsius Network, a bankrupt crypto lender, has been on a sell-off spree as it&#8217;s liquidating its crypto property to repay its collectors. Most of the sell-off circles round <a href=\"https:\/\/coingape.com\/ethereum-foundation-swaps-1-6-mln-eth-for-dai-amid-120-mln-whale-selloff\/\" target=\"_blank\" rel=\"noopener\">Ethereum (ETH)<\/a> because it constitutes a majority of Celsius\u2019 reserves. In the most recent improvement, the crypto lender transferred over $40 million value of ETH to Coinbase, a number one crypto trade.<\/p>\n<h2>Celsius Transfers Massive ETH Reserve To Coinbase<\/h2>\n<p>According to knowledge from Lookonchain, an on-chain monitoring platform, Celsius just lately moved 18,000 ETH tokens from their reserves to Coinbase. The transaction accounted for practically $40 million value of ETH being transferred, contemplating the present ETH worth development.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<figure style=\"width: 798px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" alt=\"Celsius ETH Transfer\" width=\"798\" height=\"507\" src=\"https:\/\/pbs.twimg.com\/media\/GElKYiTaUAA6XFO?format=jpg&amp;name=large\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GElKYiTaUAA6XFO?format=jpg&amp;name=large\" alt=\"Celsius ETH Transfer\" width=\"798\" height=\"507\"\/><\/noscript><figcaption class=\"wp-caption-text\"><em>Celsius Transfers 18k ETH To Coinbase, Source: Lookonchain | X<\/em><\/figcaption><\/figure>\n<p>Furthermore, because the <a href=\"https:\/\/coingape.com\/celsius-moves-massive-ethereum-holdings-to-exchange-eth-price-down-4\/amp\/\" target=\"_blank\" rel=\"noopener\">Celsius ETH unstaking<\/a> program progresses, it has been reported that since November 13, 2023, the establishment has deposited a complete of $280,760 ETH tokens to Coinbase, FalconX, and OKX exchanges. This accounts for a large $621 million value of Celsius ETH reserves being unstaked.<\/p>\n<p>Whilst, Celsius presently holds an Ethereum reserve of 540,029 tokens, valued at over $1.2 billion. Earlier, on Monday, Celsius recorded a deposit of 13,000 ETH value $30.34 million to Coinbase. Moreover, one other transaction famous a shift of two,200 ETH, equal to $5.13 million, to FalconX.<\/p>\n<p>In addition, final week, the bankrupt crypto lending agency transferred 34.8 million Polygon (MATIC) tokens to Binance, the world\u2019s largest crypto trade. The transaction was valued at $26 million on the time. Moreover, FTX joined in with a big switch of ETH and Wrapped Bitcoin (WBTC) to Wintermute and Binance.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/divergent-views-on-ethereum-etf-approval-eth-price\/\" target=\"_blank\" rel=\"noopener\">Divergent Views on Spot Ethereum ETF Approval, ETH Price Drops 5%<\/a><\/strong><\/p>\n<h2>Ethereum Price Falls To $2,200 Range<\/h2>\n<p>The Ethereum worth has dropped under $2,300, which is spurred by the general bearish sentiment available in the market. However, the <a href=\"https:\/\/coingape.com\/price\/ethereum\/\" target=\"_blank\" rel=\"noopener\">ETH price<\/a> confirmed indicators of a rebound because it gained 0.43% and traded at $2,239.26 at press time on Wednesday, January 24. The second-largest crypto displayed a market valuation of $269.07 billion.<\/p>\n<p>Whilst, the buying and selling quantity for Ethereum dropped 1.32% to $14.40 billion previously 24 hours. During the day, the ETH worth prolonged as little as $2,167.28 earlier than surpassing the $2,200 degree once more. Moreover, it\u2019s necessary to notice that ETH has misplaced over 54% from its ATH of $4,891.70 two years in the past.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p>In addition, the crypto has plunged greater than 17% from its excessive of $2,710.42 attained within the week the Spot Bitcoin ETFs had been accredited. According to <a rel=\"nofollow noopener\" href=\"https:\/\/in.tradingview.com\/symbols\/ETHUSD\/technicals\/\" target=\"_blank\">TradingView<\/a> knowledge, ETH is boasting a powerful bearish outlook within the brief time period, contemplating the EMA values. Currently, ETH is buying and selling pretty decrease than the 10-day and 50-day EMAs of 2380.3 and 2316.1, respectively.<\/p>\n<p><strong>Also Read: <a href=\"https:\/\/coingape.com\/coinbase-clo-challenges-court-ruling-in-sec-vs-crowd-machine-lawsuit\/\" target=\"_blank\" rel=\"noopener\"><span data-sheets-root=\"1\" data-sheets-value=\"{\" clo=\"\" challenges=\"\" court=\"\" ruling=\"\" in=\"\" sec=\"\" vs=\"\" crowd=\"\" machine=\"\" lawsuit=\"\" data-sheets-userformat=\"{\">Coinbase CLO Challenges Court Ruling In SEC vs Crowd Machine Lawsuit<\/span><\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<div class=\"m-on mobiless\">\n<div id=\"social-section-new\">\n<p>\u2713 Share:<\/p>\n<p>                                  <a class=\"social-text_new wp_new\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200\/\" target=\"_blank\" style=\"display: block\" rel=\"noopener\">  <i class=\"fa fa-whatsapp\"\/><\/a><\/p>\n<div>\n                                <a class=\"social-text_new tw_new_logo\" href=\"https:\/\/twitter.com\/intent\/tweet?text=https:\/\/coingape.com\/celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200\/\" target=\"_blank\" rel=\"noopener\"><br \/>\n  <img loading=\"lazy\" decoding=\"async\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"30\" height=\"30\"\/><\/noscript><br \/>\n<\/a>\n                                <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>          <!-- \n\n<div class=\"m-on pl-2 pr-2\">\n            \n\n<div class=\"row\">\n            \n\n<div class=\"col-6 pr-2\">\n         \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-7-crypto-marketing-firms-of-the-year\/?utm_source=abovesidebartabnews&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/15175104\/top_crypto_marketing_agencies.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top Crypto Marketing Firms \/ Agencies 2023; Here&rsquo;s Best Picks [Updated]\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                  \n\n<div class=\"col-6 pl-2\">\n                 \n\n<div class=\"Borderboxies_2 mb-3  fullmobx\">\n             \n            <a href=\"https:\/\/coingape.com\/top-10-web-3-games-to-explore-in-2023-here-list\/?utm_source=priceanalysisbar&utm_medium=organicarticle\">\n            \n\n<div class=\"SponserdyWebimg_2\"><img loading=\"lazy\" width=\"834\" height=\"833\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" ><noscript><img loading=\"lazy\" width=\"834\" height=\"833\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/12\/23134356\/jpg_20221223_134223_0000.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" decoding=\"async\" ><\/noscript><\/div>\n\n\n                \n\n<div class=\"Sponserdtent_2 mt-2\">Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n\n\n            <\/a>\n          \n            <\/div>\n\n\n            <\/div>\n\n\n                <\/div>\n\n\n        <\/div>\n\n                    --><\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA176388\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>CoinGape includes an skilled staff of native content material writers and editors working around the clock to cowl information globally and current information as a reality relatively than an opinion. 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<\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n     \n                              \n          <\/div>\n\n\n    \n          \n \n    \n            \n    <\/div>\n\n        --><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/celsius-shifts-40-mln-ethereum-to-coinbase-amid-eth-price-dip-to-2200\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Celsius Network, a bankrupt crypto lender, has been on a sell-off spree as it&#8217;s liquidating its crypto property to repay its collectors. Most of the sell-off circles round Ethereum (ETH) because it constitutes a majority of Celsius\u2019 reserves. In the most recent improvement, the crypto lender transferred over $40 million value of ETH to 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