RATE Group | Ethereum Sinking? $25 Million of ETH Hits Exchanges as Traders Wind Down for Holidays
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Ethereum Sinking? $25 Million of ETH Hits Exchanges as Traders Wind Down for Holidays

25 Dec Ethereum Sinking? $25 Million of ETH Hits Exchanges as Traders Wind Down for Holidays

Posted at 22:15h in Ethereum News by

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After a particularly rough end to 2019, it looks like the fortunes of Ethereum investors aren’t set to change anytime soon. Almost 205,000 Ether (ETH) has hit popular trading venues within the last 24 hours.

With trading volumes slumping over the holiday season, a sudden influx of selling pressure seems likely to sink the market further. The second most popular crypto asset is already trading at levels not seen since the start of the mid-2019 bull run.

Ethereum About to Sink Lower? Traders Move ETH to Major Exchanges During Holiday Downtime

Most crypto traders are busy unwrapping presents, tucking into their turkey dinners, or going for seconds of Christmas pudding. However, some ETH holders appear to not be letting the holiday season get in the way of them ditching their investments in the second largest digital asset by market capitalisation.

As highlighted by Twitter-based market analyst ViewBase (@viewbasecom), a large number of ETH has hit leading exchanges over the last…

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