- The Ethereum price resilient above the $2,345 support, signals a potential 7.85% surge, before buyers challenge key channel resistance.
- Blockchain tracker Arkham Intelligence flagged a prominent whale moving roughly 3,000 ETH to centralized exchanges in two separate transfers on May 5.
- Deribit’s Ethereum options market currently reflects weak expectations for major volatility across most contracts extending into late July.
ETH, the native cryptocurrency of smart contract giant, Ethereum, is up 1.5% during Tuesday’s U.S. market session to trade at $2,382. The uptick follows the broader market momentum as Bitcoin reclaimed the $80,000 psychological level amid the de-escalating tension in the middle east. Despite the price appreciation, Ethereum coin faces a risk of renewed selling pressure as on-chain data high significant profit-taking from a prominent whale.
The activity coincides with a notable shift in ETH’s option market which projects negative outliers in forward and ATM i...
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