Ethereum Price Eyes $2.9K Despite Aztec’s 15K ETH Transfer
The post Ethereum Price Eyes $2.9K Despite Aztec’s 15K ETH Transfer appeared on BitcoinEthereumNews.com.
Ethereum price remains strong despite Aztec’s $37 million ETH transfer to Coinbase. Market absorbs sell-off fears as ETH maintains upward momentum. The break above $2,385 puts ETH on track toward the $2.9k target. The Ethereum price is showing notable resilience as the tokens continue to trend upward, despite a significant on-chain movement by Aztec Network. The project recently transferred nearly $37 million in Ethereum to Coinbase. Although the move has sparked concerns about a possible sell-off, the ETH price remains in the positive sphere. Large transfers of cryptocurrencies to exchanges often indicate that there could soon be a liquidation. This can put cryptocurrencies under pressure. But here, Aztec’s move hasn’t pushed the Ether prices down, and the token managed to hold its uptrend. Instead of triggering a sharp pullback, the market appears to be absorbing the potential selling pressure with ease. Ethereum Price Shows Strength Amid Sell-Off Signals Currently, the Ethereum priceETH3.83% is showing strong momentum, with the price surging by about 4% in a day. As of press time, the token is valued at $2,416, marking notable surges of 7.5% and 8.8% over the past week and month, respectively. This uptrend comes following a period of consolidation where the Ethereum price got stuck around $2k. This positive trend is also seen in the traders’ sentiment. As the 24-hour trading volume has soared by about 30%, reaching $26.23 billion, it indicates that the community is increasingly accumulating Ether. They remain confident about the altcoin’s future despite signals of a massive liquidation. It is worth noting that the current bullish trend in the Ethereum price comes amid Aztec Network’s transfer of 15k ETH, worth $37 million, to Coinbase. Typically, when large amounts of ETH are moved to crypto exchanges, it creates fear among traders that selling pressure could increase. This often…
Filed under: News - @ April 18, 2026 4:16 am