January 30 News, Ethereum price fell below the consolidation zone around $2800, with a clear weakening of the short-term trend. At the time of writing, ETH is at $2739, down approximately 8% in 24 hours, an 8% decline over the past week, and nearly 10% retracement in a month. Despite trading volume surging to $42.8 billion, indicating active trading during the sell-off, the price failed to find effective support.
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Ethereum ICO whales have resumed selling coins after a year of dormancy, having sold 9,628.54 ETH.
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The early address of the ETH ICO became active again after a year, selling 9,628 ETH for $19.72 million.
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Yesterday, the net outflow of Ethereum spot ETFs in the U.S. was $189.3 million, with BlackRock's ETHA seeing an outflow of $140.2 million.
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