From Investing.com:

Ethereum (ETH) is experiencing a massive $1 billion sell-off, with Celsius transferring 459,561 ETH, worth $1.014 billion, to various exchanges. Despite this, Celsius still holds 62,468 ETH, worth around $139 million. This sell-off is expected to negatively impact Ethereum’s price and market sentiment, potentially testing support levels. Resistance levels have also become stronger, making recovery more difficult. The sell-off has put Ethereum in a challenging position, highlighting the market’s actual state.



Read more: Ethereum (ETH) Becomes Target of Massive $1 Billion Sell-Off: Who’s Responsible? By U.Today