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Ethereum Flashes Golden Cross but Whale Inflows Stall Rally

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The Story

News Summary

  • Ethereum formed a bullish EMA golden cross, lifting ETH to $2,665, but heavy exchange inflows create uncertainty.
  • Market maker Wintermute transferred $160 million worth of ETH to exchanges, alongside $495 million in Bitfinex net inflows, raising concerns of impending sell pressure ahead of CPI data.
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ETHUSD price history

2522.66 +24.47% over the displayed period

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