TechFlow news, on August 20, according to BiyaPay analysts, the on-chain address 0x737...c1ca6 sold another 4,000 ETH within the past 12 hours, amounting to $16.65 million at an average price of $4,164. Since August 18, this address has cumulatively sold 12,575 ETH, totaling $53.68 million, and still holds 6,210 ETH. Data shows that market risk-aversion sentiment has significantly increased, bullish momentum is rapidly weakening, and short-term market volatility has intensified.
Ethereum's price failed to stabilize above the key level of $4,300 due to Bitcoin's pullback, leading to a reversal in trend. It briefly broke below the $4,100 support, dipping as low as $4,060 before recovering slightly. The price is currently oscillating around $4,200, with heightened market uncertainty and increasingly intense tug-of-war between bulls and bears, leaving the short-term outlook unclear.
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