tl;dr
Galaxy Digital withdrew $10.24M worth of ETH from Binance, increasing its Ethereum holdings to 63,984 ETH. This led to price swings for Ethereum, which briefly climbed near $2,790 before dropping below $2,750. Ethereum's current price is around $2,736, with key support at $2,730 and resistance at $2...
Galaxy Digital withdrew $10.24M worth of ETH from Binance, increasing its Ethereum holdings to 63,984 ETH. This led to price swings for Ethereum, which briefly climbed near $2,790 before dropping below $2,750. Ethereum's current price is around $2,736, with key support at $2,730 and resistance at $2,750.
The RSI of 44.58 suggests Ethereum is slightly oversold, and the MACD indicates a possible decline. The market shows signs of stabilization, with support at $2,730 and resistance at $2,750. If Ethereum breaks above $2,750, it could signal a bullish trend, while surpassing the recent high of $2,790 could drive the price higher.
Galaxy Digital recently pulled a sizable 3,735 ETH from Binance, worth about $10.24 million, when Ethereum was trading at $2,740 per token. This move boosts Galaxy Digital’s Ethereum holdings to 63,984 ETH, a hefty $175 million. Ethereum’s price saw swings in the last 24 hours, climbing near $2,790 before dropping back below $2,750. As at press time, Ethereum price is hovering around $2,736.12, down by 0.52% over the past day.
Key support and resistance levels are important to understand where the price might go next. Ethereum currently has support at $2,730, a level it’s tested multiple times without breaking. If the price keeps dropping, the next major support is at $2,700. On the upside, Ethereum faces immediate resistance at $2,750. A break above this level could indicate a potential resumption of the bullish trend. Furthermore, the recent high near $2,790 stands as a critical resistance point.
Looking at technical indicators, the 1-week Relative Strength Index (RSI) for Ethereum is currently at 44.58, suggesting Ethereum might be a bit oversold in the short term, but it’s not extremely oversold yet. The 1-week Moving Average Convergence Divergence (MACD) indicator is trading below the signal line, hinting at possible downward momentum for Ethereum in the near future.
More about Rush Street Interactive Inc
Rush Street Interactive Inc., headquartered in Chicago, Illinois, operates as an online casino and sports betting company in the United States and Latin America. The company falls under the category of Services-Miscellaneous Amusement & Recreation within the trade and services sector. As of the latest data, the company's market capitalization stands at 2113047000 with a P/E ratio of -0.09 and EPS of -0.0084. The company's shares outstanding amount to 801545000 with a current price of 10.78. Additionally, the stock has a 52-week high of 13.03 and a 52-week low of 0.888.