Krutika Adani
An early Ethereum investor has dumped nearly $150 million worth of ETH on OKX. The investor had received that ETH during the 2014 ICO allocation.
After the transfer to OKX, the user will probably cash out on their investments.
As of press time, there has been no impact on ETH, which was trading at $2615, up by 0.3%. However, we expect a slight correction if the user sells it all simultaneously.
Since the crash in the first week of August, the price of Ethereum has been under $3000. Inconsistent ETF inflows have made it difficult for the price to recover.
We expect ETH to make a new ATH near $5,000 once it crosses three major resistances: $2724, $3533, and $3892.