Tron founder Justin Sun, Ethereum (ETH) $3,417.5 He attracted attention with his large investments in HTX stock exchange. While the increasing ETH transfers in recent days have caused sales pressure in the markets, ETH prices continue to decline.
Large ETH Transfers Happened to HTX
Justin Sun transferred 29,153 ETH to the HTX exchange in the last 11 hours. This transaction means an investment of approximately $96.7 million. According to Spot On Chain data, Sun’s total investment as of November 10 amounted to 227,000 ETH. The average value of these investments is around $3,556.
It is stated that large ETH transfers create sales pressure in the markets. This caused the ETH price to drop by 2%. Currently, ETH is approaching $3,300 levels, while some analysts predict that the price may drop to $2,800.
In his statements, Sun stated that the transfers were ordinary Ethereum wallet transactions and that there were no plans for any major sales. However, investors and analysts state that these large ETH investments in HTX create uncertainty in the market.
Analysts Expect High Prices in 2025
Leading analysts predict that Ethereum could experience a significant price increase in the first quarter of 2025. Charting Guy says ETH price could rise to $7,080 by April 2025, while Crypto Rover says Bitcoin 
$93,746.2 He states that ETH will start to move in January 2025 after its dominance reaches its peak.
ETH’s future price movements may depend on both Justin Sun’s strategies and general market conditions. The market is currently trading at $3,340, down 1.38%, with $38.3 million liquidated in the last 24 hours.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
