Ethereum’s price is currently at risk of falling as large investors have dumped approximately $60 million worth of ETH on Binance and Coinbase. This development has raised concerns among market observers, who believe that the cryptocurrency could face downward pressure in the near future. However, there are also those who argue that these investors may simply be taking advantage of profit-booking opportunities before a potential price recovery.
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Ethereum Price Risks Falling As Whales Dump $60M ETH
By
Isla MacKenzie — Staff Reporter
About the author · Staff Reporter
Isla MacKenzie
Isla MacKenzie covers Web3 culture, NFTs and the metaverse from Edinburgh. A former product writer at Sky and CodeBase, she has been on the BTCNews team since 2022 and runs our weekly Creators newsletter. Isla studied Digital Humanities at the University of Edinburgh and was named one of CityAM's '30 Under 30 in Crypto' in 2024. She writes about culture without losing sight of the underlying tech.