Ethereum-Wal achieves $ 9.87 million by selling a $ 30 million ETH position after 25 percent weekly rise-RSI reaches 80 and target brand of $ 410.

Ethereum-Wal achieves $ 9.87 million by selling a $ 30 million ETH position after 25 percent weekly rise-RSI reaches 80 and target brand of $ 410.

Ethereum-Wal makes $ 9.87 million in the sale of $ 30 million ETH position after an increase of 25% a week

In the past few weeks, the Ethereum (ETH) cryptocurrency has developed strongly, which has led to a remarkable increase of 25%. This sudden increase has also aroused the interest of great investors, so -called "whales". A prominent whale recently increased its ETH stocks and achieved a profit of $ 9.87 million by selling a position of $ 30 million

The time of this sale could have been strategic because the Relative Strength Index (RSI) achieved a value of 80. Such a value is often considered overbought in the technical analysis, which indicates that a correction or a decline in the near future could be possible. In the crypto community, the possible price of Ethereum is therefore being discussed, in particular a potential breakout brand of $ 410.

This could be an important point in time for investors to carefully observe developments on the Ethereum market. The price movements and the behavior of large investors can have significant effects on the market. A look at the trading volume and other technical indicators could show emerging trends and possible price changes.

Overall, the Ethereum market remains dynamic, and observations like this provide valuable insights for dealers and investors.