{"id":2608,"date":"2024-07-15T00:03:17","date_gmt":"2024-07-15T00:03:17","guid":{"rendered":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/15\/ethereum-whale-transactions-reduced-by-50-price-hits-3-3k\/"},"modified":"2024-07-15T00:03:17","modified_gmt":"2024-07-15T00:03:17","slug":"ethereum-whale-transactions-reduced-by-50-price-hits-3-3k","status":"publish","type":"post","link":"https:\/\/cryptogoldex.com\/index.php\/2024\/07\/15\/ethereum-whale-transactions-reduced-by-50-price-hits-3-3k\/","title":{"rendered":"Ethereum whale transactions reduced by 50%, price hits $3.3k"},"content":{"rendered":"<p>The price of ETH has increased by 4.4% in the past 24 hours and is currently at $3,350. Data provided by Santiment indicates a significant decrease in the number of whale transactions, dropping from 11,115 to 4,827 unique transactions per day, reflecting a decrease of 56%. This suggests that the surge in ETH&#8217;s price has been supported by smaller investors, with less likelihood of manipulation by large entities. Conversely, data from the market intelligence platform reveals a consistent rise in ETH&#8217;s total open interest over the past week, growing from $6.04 billion on July 8 to $6.97 billion currently.<\/p>\n<p>Higher open interest typically leads to increased price volatility due to more liquidations. Santiment&#8217;s data indicates that Ethereum&#8217;s Relative Strength Index (RSI) is currently hovering around the 50 mark, indicating that the asset is in a favorable condition for a potential price surge. This suggests that the market is well-positioned for potential price movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of ETH has increased by 4.4% in the past 24 hours and is currently at $3,350. Data provided by Santiment indicates a significant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[647],"tags":[],"class_list":["post-2608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-eth"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/comments?post=2608"}],"version-history":[{"count":0,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/posts\/2608\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media\/2607"}],"wp:attachment":[{"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/media?parent=2608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/categories?post=2608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptogoldex.com\/index.php\/wp-json\/wp\/v2\/tags?post=2608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}