BlockTower Capital Sells $25M ETH

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BlockTower Capital Dumps

CoinGape

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Crypto VC Dumps $25M Ethereum, Another ETH Price Crash Ahead?

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BlockTower Capital dumped 9,232 ETH worth $25 million on Tuesday , August 13 .

ETH price is currently hovering around $2,656 after facing rejection at the $ 2k resistance level.

This rejection, combined with looming death cross indicated by 50-day Exponential Moving Average ( EMA ) crossing below 200-day EMA , suggests potential bearishness ahead.

ETH price is not strongly supported above $ 2,500 , but there is a clear rebound path toward $ 3,000 .

If ETH can breach the immediate $ 2k hurdle, it could ignite rapid upward price movement.

This could potentially leading to a new bullish phase that could see the price advance toward $ 4k .

Meanwhile, CrediBULL Crypto , a crypto analysts on X, predicted a downtrend for Ether before it breaks above $3k .

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