Trader Who Called This Year's Collapse Sets Price Targets for Ethereum, Cardano, Tron and Three Other Altcoins

The trader known for accurately predicting this year's crypto market collapse is setting downward price targets for a slew of different altcoins in anticipation of another capitulatory event. The pseudonymous trader known as Capo tells his 673,000 Twitter followers that currently, every bump in crypto prices should be treated as an opportunity to sell.

Timeline of Cardano, Ethereum, Tron

On-chain data shows Ethereum whales have added $1 billion more to their holdings recently, something that could be bullish for the crypto's price. Ethereum Whales Now Hold 947,940 ETH More In Their Wallets As per data from the analytics firm Santiment, this jump in the whale holdings is the 5th largest in this year so far.

What happened: On Monday a total of 1,299.33 Ether (CRYPTO: ETH) worth $1,457,583, based on the current value of Ethereum at time of publication ($1,121.80), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

The cryptocurrency market continues to wade through the murky red waters of a bearish trend – made worse by the collapse of FTX. Despite the negative market mood, ADA has so far held well against the rest of the market, down only 0.6% in the past 24 hours.

ETH's press time market structure stood hounded by the bears Immense selling pressure could push funding rates further into the negative territory   Ethereum [ETH] broke through several support levels and plunged even lower as FUD spread around the alleged FTX exploiter dumping ETH for BTC.

After a significant crash in the cryptocurrency market due to the FTX bankruptcy, Ethereum's price has dropped to a decisive support level of $1K. A further decline is expected if the mentioned level fails to hold.

A crypto analyst has predicted price targets for apex cryptocurrency Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL), in the wake of FTX (CRYPTO: FTT) collapse. What Happened: Pseudonymous cryptocurrency analyst Altcoin Sherpa said on Twitter that Ethereum's price could drop 54%, in the unlikely event of Grayscale, a cryptocurrency asset management firm, going bankrupt.

Ethereum whales are adding more ETH coins to their holdings The current market outlook can make it difficult for whale accumulation to positively influence price During the intraday trading session on 21 November, data from on-chain analytics Santiment revealed a significant surge in Ethereum [ETH] whale holdings. ETH whales that held between $10.

Cardano (ADA), Algorand (ALGO) and COTI are three altcoins that have bearish-looking charts and could collapse in the short term. The post The Crypto Market Outlook and 3 Altcoins to Consider Shorting appeared first on BeInCrypto.

The recent drop in Ethereum (CRYPTO: ETH) price will have a cascading effect on decentralized finance (DeFi) platforms, as investors are ready to liquidate their ETH holdings In the wake of the FTX (CRYPTO: FTT) fallout. What Happened: According to TVL aggregator  DeFiLama , over 115,500 ETH are ready to be liquidated if the price reaches $718.72.

The crypto market has suffered due to the collapse of the crypto exchange FTX, but Ethereum witnessed more selloffs during the crash. The ETH price tumbled from $1,661 to $1,081 within a month, with chart patterns continuing to deteriorate.