Ethereum (ETH) Surges As 20,000 ETH Order Triggers Buying Spree

Ethereum

Ethereum (ETH) has recovered after plunging below the $ 200 level on surging bearish pressure early in the week. A rebound past the $ 220 mark comes amidst reports of a buy order for 20,000 ETH on Binance exchange.

Ethereum Whale Order

Ethereum had initially slumped to the $ 190 level after a big trading group reportedly placed a sell order for 15,000 ETH. The sell order went on to rattle traders, triggering a massive sell-off in the broader cryptocurrency sector. Just like Ethereum, Bitcoin also attracted some selling pressure, consequently plunging below the $ 10,000 level.

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