AAVE relies on ETH whales, but is it enough for a sizable rally this week

AAVE witnesses renewed interest from whales However, lack of demand may dampen the state of AAVE in the long run  In the first half of November, AAVE crashed to sub-$60 price levels. Its performance last week indicated a low demand of enough bullish momentum for a sizable recovery.

Timeline of Aave, Ethereum

FTX makes headlines once again. Early on November 20th, whoever was responsible for the $600 million crypto exchange FTX hack began trading millions of dollars worth of ether for Ren Bitcoin (renBTC).

Bankrupt FTX has launched a strategic review of all its assets to see how they can be recovered for maximum value for its stakeholders' benefit. The post FTX Launches Strategic Review of Assets as Hacker Dumps ETH appeared first on BeInCrypto.

The exploiter responsible for siphoning millions of dollars in ERC20 tokens and ethereum from FTX has added more ether to the entity's holdings. The wallet is now situated in the top 30 largest wallet positions in terms of ethereum holdings. The address dubbed the “FTX Accounts Drainer” now holds 250,735 ethereum on Saturday, Nov.

Since FTX's collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the

Several daily candles with long-wick rejections indicate uncertainty among market participants. Moreover, the ongoing consolation formed a descending triangel pattern in the 4-hour time frame chart.

Ethereum price analysis is bullish today as we have seen further sideways action over the last 24 hours above the $1,200 support. Likely reversal will follow later as ETH/USD will look to retest the $1,275 resistance.

Ever since news around the FTX exchange started doing rounds, the entire cryptocurrency market was crippled with FUD. With each passing day, authorities are discovering shocking facts around SBF and the exchange.

Ethereum founder and CEO Vitalik Buterin in a recent letter proposed the plan of using the ZK-SNark feature to improve the Ethereum network's scalability. In a letter, he also mentioned Balaji Srinivasan, the former CTO of Coinbase, Kraken, and Binance, for discussion.

Crypto analytics firm Santiment claims that Ethereum (ETH) whales haven't been deterred by the market's bearish price action. Santiment notes that whale and “shark” addresses holding between 100 and 100,000 ETH have increased their holdings by 3.5% in the past 12 days.

The FTX drainer wallet linked to a possible hack of the now-bankrupt crypto exchange continues to swap more tokens for ether. The post FTX drainer consolidates ether holdings to reach $302 million appeared first on The Block.