Ethereum is currently experiencing bearish on-chain signals as the token recorded centralized exchange inflows worth $493 million over the previous week.
Ethereum (ETH) Tokens Worth $493M Dumped on Exchanges
Ethereum (ETH) is facing bearish on-chain signals this week, with centralized exchange inflows of Ethereum tokens to the tune of $493 million. After this large dump, ETH price dropped by 1.39 today. Ethereum is currently trading at $2,325.05 and 24-hour Ethereum trading volume is down 6.64%.
The current price of Ethereum, which gives strong sell signals on the ETH/USD daily chart, is hovering below the 50, 100 and 200-day EMAs. Since Ethereum's RSI is bearish, there may be further declines before ETH price reaches the oversold zone. If investor interest does not increase in the coming weeks, Ethereum price could drop to the $2,005 support.
There is a Huge Increase in Internet Computer (ICP) Price
Internet Computer, which increased by .16 percent last week, showed an impressive recovery. Today, the Internet Computer price reached $8.56 at the time of writing, an increase of 7.2%. Internet Computer's 24-hour trading volume also shows an upward trend, with a tremendous increase of !5.33.
Internet Computer, which has shown a positive performance on the ICP/USD daily chart, may experience further rises in the coming weeks. Currently, Internet Computer's MACD level and Awesome Oscillator are giving buy signals. If this rise continues, Internet Computer price could reach the $10 level, targeting the first resistance at $9,125.
Rollblock's Record Presale Will Continue with Rapid Growth
Rollblock, a newcomer to the DeFi space, is already making its mark with the first community-supported crypto casino the market has ever seen. Using Ethereum blockchain technology, Rollblock casino offers traders a premium iGambling experience by providing complete transparency and immutable transactions.
To eliminate barriers to entry into online casinos, Rollblock does not require KYC verification on registration. Users can connect their wallet, deposit any of 20+ compatible cryptocurrencies, and gain instant access to Rollblock's 7,000+ casino games. After the success of Rollblock casino, the platform plans to soon introduce sports betting to expand the Rollblock ecosystem.
These bullish expectations are based on Rollblock's clever revenue sharing model, which allows investors to become liquidity providers within the ecosystem. Each week, Rollblock uses 0% of the revenue it generates to purchase its own platform token $RBLK on the open market and distributes half of it as staking rewards to existing holders. Rollblock is expected to follow a strictly deflationary trend over time, as the other half of the tokens are burned forever, and the price will reach new highs as the supply is depleted.
Currently, Rollblock has raised $3.3 million in presale stages, with more than 15,000 early investors betting on the future. Currently in its sixth presale phase, Rollblock's $RBLK is selling for just $0.025 per coin.
Explore the Exciting Opportunities of Rollblock (RBLK) Presale Today!
Website: https://rollblockpresale.io/
Social Media: https://linktr.ee/rollblockcasino
The above is the detailed content of Ethereum (ETH) Whales Dump $493M Tokens on Exchanges as ICP and RBLK RecordImpressive Gains. For more information, please follow other related articles on the PHP Chinese website!