Recent activity among prominent Ethereum whales has sparked concerns within the crypto community. Reports indicate these large investors have been selling significant portions of their holdings, prompting a price drop to $1,400 earlier this month. However, there’s also evidence suggesting some institutional investors are accumulating ETH despite the volatility. Analysis from platforms like Ali Martinez and Lookonchain highlights these trends. Galaxy Digital, for instance, is actively depositing ETH onto exchanges, while whales have liquidated over 262,000 ETH worth $445 million. This behavior mirrors a pattern of selling following price surges, but now the market remains unsure of future direction. While some believe the recent network activity spike signals Ethereum’s recovery, others are skeptical, highlighting the need for further clarity regarding investor sentiment.