Ethereum Whale Activity Plummets: A Signal of Shifting Market Sentiment?

Ethereum’s recent price decline, falling nearly 10% in the past week and briefly exceeding $1,900 before stalling, adds to a broader trend of market volatility. This price slide has led to concerns about its long-term trajectory. A key indicator of this shift is large Ethereum transactions, which have experienced a significant decline since February 25th, dropping by 63.8%. This decrease suggests less activity from whales – investors holding substantial amounts of Ethereum – possibly indicating a reallocation of their holdings or even pullback from the network.