Ethereum (ETH) Dip Buying Spree: What FTX Binance Spat Could Lead To

Ethereum Buy The Dip Sentiment: The Ethereum (ETH) price was also affected with the FTX Binance spat over the last few days. However, retail traders and big whales are apparently anticipating a bull run in the near future. ETH price witnessed a sharp drop potentially due to news of depleting Ethereum holdings in FTX wallets. Whether the falling FTX token (FTT) price would lead to further drop in crypto prices remains to be seen.

On chain data suggests that all categories of Ethereum (ETH) holders are trying to accumulate and capitalize on the buy the dip trend. If the FTX Binance drama continues to unfold in coming days, it could also affect Ethereum buying activity. As of writing, ETH price stands at $1,445, down 8.43% in the last 24 hours, according to price tracking platform CoinMarketCap. The FTT price dropped by a staggering 41% compared to last week’s figures. As of writing, FTX Token price stands at $15.32, down 31.66% in the last 24 hours.