Arman Shirinyan
Ethereum’s plunge below $1,200 is result of selling pressure coming from one fund
Ethereum’s reversal from the local resistance level was not something that most of the market anticipated in the weekend trading session on the cryptocurrency market. However, on-chain data clearly shows why the second biggest cryptocurrency broke down in such an unexpected manner.
According to Nansen’s data, the Jump Crypto fund deposited more than 2,850 ETH into various centralized…
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