Ethereum Price Forecast: Analyzing Impact of Mirana Venture’s $600 Million Move

Mirana Ventures recently transferred a substantial sum of Ethereum (ETH) worth $600 million to ByBit, prompting market speculation about future price trajectories. This transfer, coupled with recent Bitcoin and Tether liquidations by the firm, signals potential shifts in company asset management strategies. Ethereum prices have responded, currently trading at around $2,451 with notable volatility within a range of $2,360 to $2,520. Past price surges for Ethereum coincided with significant long liquidations, suggesting overleveraged positions might influence future volatility.