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    These two charts clearly show that the price of ETH and BTC are completely associated, and the volatility chart shows that in November, ETH's volatility was higher than BTC's. and the reason for that may be related to the FTX hacker who converted ETH to wBTC. We can see that on November 9, when the price of BTC fell 10%, the price of ETH fell 15%.

    This graph shows the top L1 cryptocurrencies' daily volatility.

    It is obvious that compared to other assets, the price of SOL in November was far more volatile. and practically all of them have relationships with one another. Using this figure, we can also get the conclusion that the price of ETH did not drastically decline. similar to other markets.and most of them is because bear market.

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    Price Correlations:

    Impacts of FTX hacker:

    Swap activities:

    Indicators that could help us predict recovery:

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    We may observe that the price of ETH recovers when the ETH whale balnace contains more than 10ETH or 100 ETH .when it becomes obvious that the whales are accumulating more ETH as the price of ETH declines. ==ETH whales' numbers are currently growing, and we may anticipate a price recovery in the next weeks.==

    The price of Sol has significantly reduced since November 1 and Matic has performed the best. And like other cryptocurrencies, the price of ETH has plummeted, although not much.

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    We can observe that the price of ETH recovers when more ETH is transferred to wallets. or when the price of ETH is falling when ETH transfers to wallets slow down. ==and now that more ETH is being moved to wallets, we may anticipate a rise in the price of ETH.==

    In other words, the price of ETH drops when more ETH is transferred to CEX. That's because those who move their assets to CEX want to sell them. Consequently, we might anticipate a sell push when ETH transfers to CEX grow. And in November, more ETH was moved to CEX, which caused the price of ETH to decline. However, the amounts transferred to CEX are currently decreasing.

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    We may anticipate a sale pressure in the price of ETH when the balance of CEX wallets rises. And as we can see, between March 2022 and July 2022, ETH wallet balances were rising while ETH's price was falling. or in July, when the CEX's ETH balance was declining and the price of ETH was rising. and given that the amount in CEX wallets is so large right now and that there has been a downward trend in the price of ETH, we may anticipate that in the near future both the balance in CEX wallets and the price of ETH will decline.

    CEX:

    Validators and ETH staked:

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    The number of staked Ethereum and the price are strongly correlated, and in October, we observed an upward trend in the price of Ethereum.

    ETH price and the balance of validators have a significant association, and when the validators sell their ETH, the price of ETH tends to decline.

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    ETH pools:

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    The price of ETH and the Net quantities of ETH added or taken from ETH pools are strongly correlated, as can be shown. with the Uniswap in particular because of its enormous volume. Therefore, we may anticipate an increase in the price of ETH when the quantity of ETH added to pools rises. In addition, over the previous several months, the amount of ETH removed from pools was significantly greater than the amount of ETH added to pools. As a result, the price of ETH was on the decline.

    When the number of ETH pools grows, an upward trend in ETH might be anticipated.

    Conclusion:

    1-Due to their close ties, ETH and BTC had more volatility in November than BTC did. This is seen by the volatility chart. FTX hacker who changed ETH to wBTC may be to blame for it, among other possible explanations. On November 9, when the price of BTC dropped 10%, the price of ETH dropped 15%, as can be seen.

    2-It is clear that the price of SOL in November was significantly more volatile than other assets. and almost all of them are connected to one another. Using this number, we can also deduce that the price of ETH did not drop significantly. like other markets, in a sense. the majority of them are due to the bear market.

    3-As wallet ETH amounts are changed to other assets, the hacker's ETH balance is steadily declining.the hacker is presently the 40th-largest ETH holder.and when he sells his ETH, the price of ETH falls.

    5-On November 20, the hacker transferred 50,000 ETH to a different wallet before converting it to bitcoin using two different renBTC bridges.

    6- here is only a very small correlation between the price of ETH and the NET volume of swaps from and to ETH. Overall, though, more assets have been traded for ETH than ETH has been traded for other assets.Furthermore, more ETH in USD was moved to other tokens in November than was transferred from other tokens to ETH.

    7-Strong correlations exist between the amount of Ethereum staked and its price, and in October, we saw an increase in the price of Ethereum.The price of ETH and the balance of validators are strongly correlated, and the price of ETH tends to fall as the validators sell their holdings.

    8-There is a strong correlation between the price of ETH and the net amounts of ETH added to or taken from ETH pools. Due to its enormous volume, the Uniswap pools are more important than other pools

    [1]:

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    The price of ETH and the NET volume of swaps from and to ETH are rather weakly correlated, as can be shown. However, overall, more ETH has been exchanged for other assets than other assets have been exchanged for ETH.

    And in November, more USD worth of ETH was converted to other tokens than was transferred from other tokens to ETH.

    Moreover, 500 million dollars worth of ETH were exchanged in November.

    The hacker's ETH balance is gradually dropping, and wallet ETH balances are being converted to other assets.

    And as we can see, the price of the asset drops when the hacker converts his ETH to another asset.

    The hacker is currently the 40th largest holder of ETH, which is the cause for that.

    and the ETH price drops when he sells his ETH.

    On November 20, the hacker moved 50,000 ETH to a different wallet before utilizing two different renBTC bridges to convert it to bitcoin.

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    Background:

    The price of Ethereum has sank in recent days - how does it compare to other tokens amid a general market downturn?

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    Can you find evidence of any potential causes for ETH's struggle? Are there any other indicators that could help us predict whether/when it could recover?

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    Introduction:

    The price of Ethereum has sank in recent days 

    On the move: FTX hacker splits nearly $200M in ETH across 12 wallets

    The hacker behind the theft of more than $447 million of crypto from the crypto exchange FTX has been again spotted moving their ill-gotten funds. 

    between 4:11 to 4:17 pm UTC on November 21, the attacker moved a total of 180,000 Ether across 12 newly created wallets — each receiving 15,000 ETH. The total amount moved totaled $199.3 million at current prices.

    Some in the crypto community suggest the attacker may be planning to subdivide it into smaller and smaller amounts in order to confuse investigators, a process known as “peel chaining,” or they may be planning to use a mixing service at some point to obscure which coins are theirs.[1]

    Meanwhile, some Ethereum users appear to have sent coded messages to the hacker asking for a share of the loot.

    In this dashboard, we'll examine ETH's declining price and the factors that contributed to it.

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    Method:

    In this dashboard I used 4 sections to analyze the reason behind ETH fall include:

    1-Price Correlations

    2-Impacts of FTX hacker:

    3-Swap activities

    4-Indicators that could help us predict recovery

    in the first section I mentioned these analysis:

    1-BTC price and ETH price correlation

    2-BTC volatility % VS ETH volatility %in November

    3-Top L1 altcoins volatility percentage per day since mid November

    4-Top L1 altcoins price change percentage per day in November

    For the second section I have studied the hackers wallets:

    0x59abf3837fa962d6853b4cc0a19513aa031fd32b

    0xd8019a114e86ad41d71a3eeb6620b19dd166a969

    0x97f991971a37D4Ca58064e6a98FC563F03A71E5c

    0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a \n that are diven from :

    and then I showed these charts:

    1-ETH price and ETH balance of hacker

    2-ETH balance of hacker wallets

    3-Hacker swaps

    \n In the Swap activities I mentioned these analysis:

    1-Net USD amounts of swap from and to ETH VS ETH price

    2-from ETH VS to ETH USD volume of swaps in November

    and then in the last part I analyzed Indicators that could help us predict recovery include:

    CEX activities:

    1-Number of wallets with more than 10 ETH and ETH price in 2022

    2-Number of wallets with more than 100ETH and ETH price in 2022

    3-Amount of ETH transferred from CEX to wallets VS ETH price in 2022

    4-Amount of ETH transferred to CEX VS ETH price in 2022

    5-ETH balance of CEX wallets VS ETH price

    Validators and ETH staked:

    1-ETH price VS total ETH staked since the merge

    2-ETH balance of validators and ETH price

    deposit and withdraw from top ETH pools:

    1-Net amounts of added and removed ETH in Uniswap VS ETH price

    2-Net amounts of added and removed ETH in MakerDAO VS ETH price

    3-Net amounts of added and removed ETH in Aave VS ETH price

    4-Net amounts of added and removed ETH in Compound VS ETH price

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