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By CryptoChamp · Posted
Ethereum (ETH) is currently showing signs of a potential price crash as a major crypto whale has made significant moves. Recently, nearly $260 million worth of ETH was deposited into exchanges, sparking concerns of a sell-off. Could ETH see a sharp drop in the coming days? Read on to explore the details and understand the potential ETH price prediction and market impact Key Insights: Current ETH Price & Market Cap Price: $2,402.14 Market Cap: $9.57 billion Whale Movements Raise Concerns A prominent crypto expert shared that approximately $260 million worth of ETH was transferred to exchanges in the last 24 hours. Typically, such large transfers by whales signal a possible sell-off, leading to bearish market sentiment. Geopolitical Tension May Be a Factor The ongoing tension between Iran and Israel may be driving some of these significant movements. With uncertainty in global markets, investors could be liquidating assets to secure positions. Recent ETH Price Action Despite concerns, ETH has seen a 1.3% price surge in the past 24 hours, hovering around $2,375. However, this price jump comes with a 25% drop in trading volume, suggesting hesitation among traders. Whale Liquidation Strategy Since September 22, a major whale has sold 40,000 ETH at an average price of $2,525, generating over $101 million in sales. Despite these liquidations, the whale still holds 99,500 ETH valued at approximately $238 million, signaling the possibility of further market influence. What’s Next for Ethereum? The recent whale activity, combined with market hesitation, points to a potential price drop. However, with major holders still controlling large amounts of ETH, the situation remains fluid. Keep an eye on further whale movements and global developments to gauge ETH’s next direction -
Lots of Open Source Stuff on Github, I've worked with the API for probably 10 years or so. https://github.com/tg12 -
That is called "algorithmic trading" or "algotrading" and a wealth of books/videos is available about this subject, e.g. the /r/algotrading subreddit.
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