Based on a post by Wu Blockchain and on-chain data from Lookonchain, Galaxy Digital transferred around 65,600 ETH (valued at approximately $105 million) to Binance over the past two weeks. During the same period, the firm withdrew 752,240 SOL (worth about $98.37 million) from the exchange, indicating a potential Ethereum-to-Solana swap.
This strategic move signals Galaxy Digital’s intent to diversify its crypto holdings and capitalize on the expanding Solana ecosystem.
Ethereum Analysis – April 22, 2025
From a broader historical perspective on Ethereum’s chart, we observe that the price has penetrated a highly significant zone between $1,640 and $1,520. Upon touching the $1,386 support level, liquidity from this key range has been absorbed, forming a weekly doji candle—raising expectations of a potential strong rejection from this area.
To gain further confirmation, we turn to the daily timeframe:
On the daily chart, the long-term downtrend remains stable and intact. However, as the price reaches the powerful weekly support mentioned earlier, we now see signs of divergence forming at the end of this trend—indicating a potential weakening of the bearish momentum. Moreover, the candle formed after hitting the $1,386 level reveals hidden demand, signaling the notable presence of buyers. This could serve as confirmation for the weekly analysis.
Currently, a daily breakout and close above the $2,100 level could mark the end of the long-term downtrend. Conversely, printing lower lows and breaking below the $1,386 support would significantly increase the likelihood of a move toward the $1,000 range.
Submit Your Comments
(Replying)
Please keep in mind to avoid offensive keywords and also fake information.
Be the first one to comment.