¿Por qué Justin Sun se está deshaciendo de Ethereum ? Sun elimina el 50% de las tenencias de ETH
La reciente actividad de mercado de Justin Sun se ha sumado a los problemas de Ethereum (ETH) esta semana. La moneda ha perdido un 17% en los últimos siete días y se cotiza a 3.304 dólares. Los analistas predicen nuevas caídas por debajo de la marca de los 3.000 dólares en los próximos días. Según Spot On Chain, desde el 10 de noviembre, Sun ha descargado un total de 108,919 ETH, por un valor de $400 millones, a un precio promedio de $3,674 por ETH. Muchas de sus transacciones se han producido cerca de los máximos del mercado local, lo que demuestra que el fundador Tron está ejecutando un enfoque calculado de obtención de beneficios. 🚨 Durante los últimos 7 días, Justin Sun ( @justinsuntron ) canjeó 39,999 $ETH ($143 millones) de Lido Finance y Etherfi y lo depositó todo en #HTX . 🔄💰 pic.twitter.com/pUSDQgZtRC La estrategia de liquidación de Ethereum de Sun: ¿ganancias o pérdidas?
Moreover, reports indicate Sun is unstaking an additional 42,904 ETH, valued at $139 million, from Lido Finance. This could lead to further selling pressure in the days ahead.
Between February and August 2024, Sun spent an estimated $1.19 billion to accumulate 392,474 ETH, distributed across three separate wallets. Despite the recent sell-offs, his holdings have yielded a 29% return on investment, translating to a profit of approximately $349 million.
Market sentiment and price movement
Ethereum’s price action has reflected bearish sentiment across the broader cryptocurrency market. Over the past 24 hours, ETH has declined an additional 2.19%, with trading volume dropping by 8.57%.
Prominent crypto analyst IncomeSharks attributed the sluggish activity to a “low volume weekend” and heightened stock market volatility. Despite this, the On-Balance Volume (OBV) indicator suggests that recent buyers are still in profit and providing some price support.
However, the overall market outlook remains pessimistic, particularly with large holders like Sun continuing to sell. Analysts note that this could exacerbate downward pressure on Ethereum’s price, especially if key support levels are breached.
Technical analysis highlights bearish and bullish scenarios
Ethereum is navigating a critical phase as 2024 draws to a close. The cryptocurrency reached an annual high of $4,101 earlier this year but has since fallen below pivotal thresholds. ETH is currently trading below the $3,500 mark and the 100-hourly simple moving average (SMA), with technical insights pointing to a short-term bearish trend.
Per recent analysis from TradingView, resistance levels at $3,420 and $3,500 are pivotal for a potential recovery, while key support levels include $3,200, $3,120, and the psychologically significant $3,000 mark. A break below $3,000 could accelerate the bearish momentum, while a successful climb above $3,420 might set the stage for further gains toward $3,650.
Amid the bearish signals, some analysts see a glimmer of optimism. ‘I am Crypto Wolf,’ a notable crypto analyst, highlighted the potential formation of an inverse head-and-shoulders (iHS) pattern on Ethereum’s price chart. According to this outlook, the cryptocurrency could experience a bullish continuation if the pattern is completed successfully.
Additionally, Ethereum continues to attract institutional interest, particularly through exchange-traded fund (ETF) products, which could mean the market is optimistic about a price rally in the near future. Recent data shows that in the last trading week, running from December 16 to 20, total net ETH ETF inflows hit $62.73 million, adding to a positive momentum for four consecutive weeks.
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