Ethereum Price Faces Pressure as Whale Sell-Off Deepens

Ethereum’s price continues to hover near the $1,800 mark as significant sell-offs from whales contribute to a broader bearish sentiment. Despite recent volatility with a brief bounce, traders remain wary of a sustained ETH recovery. 760,000 ETH were sold in just over two weeks by large investors. This coincides with ongoing ETF outflows and declining decentralized application (DApp) activity. The lackluster performance amidst heightened price vulnerability has left even some analysts skeptical about the near-term future of Ethereum.