• Ether steadies after $540 million sell wave to outperform wider crypto market Crypto markets remain under pressure despite firmer U.S. • equity futures, with ether rebounding toward $2,000 as heavy weekend selling eases as gold leads. • What to know: ETH rose 0.43% after trader Garrett Jin moved $540 million to Binance, triggering oversold conditions and a modest rebound. • HYPE, ZEC and XMR fell over 3%, DOGE is down 10% in 24 hours, and ZRO has slid 34% in five days. • Gold trades at $5,000, down from January highs but outperforming silver and crypto; U.S. • markets are closed for a holiday.
Article Summaries:
- Ether steadies after $540 million sell wave to outperform wider crypto market Crypto markets remain under pressure despite firmer U.S. equity futures, with ether rebounding toward $2,000 as heavy weekend selling eases as gold leads. Ether ETH$1,985.50 is one of Monday’s outliers, rising by 0.43% since midnight as it claws its way back to $2,000 after a grueling weekend selloff was spurred by selling pressure from trader Garrett Jin. Onchain data shows a wallet attributed to Jin deposited more than $540 million worth of ether to Binance over the weekend, leading to a disproportionate rise in se
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