Ethereum Burn Rate Soars 1600% But Whale Dumps Slow ETH Altcoin Growth
ETH Burn Rate Surges 1,600%; Whale Dumping Stalls ETH Growth
Big news is shaking up the crypto world, especially for Ethereum (ETH). The burn rate for Ethereum has shot up by 1,600%, which could push its price higher. But at the same time, whales—people who own large amounts of ETH — are selling their tokens. This could slow down Ethereum's growth. So, will the burn rate lead to higher prices, or will whales keep the price stuck? Let’s break it all down.
Ethereum’s Burn Rate Skyrockets
Ethereum’s burn rate has gone up by an incredible 1,600%. This means a lot of ETH is being removed from circulation, which makes the tokens more scarce. This process, called "burning," could eventually increase the price of ETH. According to the data from Etherscan, over 10,000 ETH tokens were burned in just a few days. This burn is happening because of high activity on the network, like NFT trades and DeFi transactions.
But while burning more ETH can help in the long run, it doesn’t mean the price will jump right away. The effect on the ethereum price will likely happen slowly as the supply keeps shrinking. Over time, this could make ETH more valuable, but other things like market demand will matter too.
Whale Sell-Off: Holding Ethereum Back
While the burn rate news sounds good, whales are keeping prices from rising. Whales, or big holders of ETH, have been moving large amounts of Ethereum to exchanges. When whales do this, it usually means they are planning to sell. This creates pressure on the market, making it hard for the price to climb.
Recently, around 40,000 ETH were moved to exchanges. This suggests that whales are looking to sell. Because of this, the ETH price is stuck between $2,531.66 and $2,687.11. The whales could be stopping the price from reaching its next resistance level of $3,132.5. Until these big holders stop selling, it might be hard for the price to go up much.
How Will Ethereum’s Price Respond?
So, what’s next for Ethereum? The burn rate is positive for long-term holders, but whale activity is holding back the price in the short term. Right now, Ethereum’s RSI is at 60.8, which shows the market is neutral—not too high or too low. This makes it difficult to tell what will happen next.
As of today, Ethereum price USD is fluctuating, with many holders keeping an eye on the ETH to USD pair. If the whales slow down their selling, ETH could start climbing toward $3,000. However, if they continue to sell, the price could drop toward $2,002.6, the support level. Some analysts are also watching the ETH USDT and ETH USD trading pairs for clues about price direction. The market is at a tipping point, and the next few days will show which direction Ethereum USD will take.
Minotaurus ($MTAUR): Diversification Pick for ETH Holders
As Ethereum’s value fluctuates, savvy holders are exploring alternative assets. One such pick that’s capturing community’s attention is Minotaurus ($MTAUR). It’s currently in presale, and its growth trajectory seems more predictable now compared to ETH. Minotaurus ($MTAUR) is entering the growing casual gaming market, with $MTAUR tokens now available for just $0.00005956. This is a 70% price cut from the listed $0.00020, available only during the presale.
$MTAUR has strong utility in the game — it’ll be used to buy items like skins, upgrades, and access to special zones. Beyond gaming, holding $MTAUR Presale comes with additional perks. There are referral bonuses for inviting friends and a vesting system that ensures a steady token release. The project has been audited by SolidProof and Coinsult, providing confidence to holders.
With casual gaming on the rise, there’s a lot of excitement around Minotaurus. Join now while the price is low. The presale won't last forever, and once it’s over, the cost will rise to its full potential. Don’t wait, act now!
