Major Ethereum holders have recently sold nearly 684,000 ETH tokens, prompting speculation about the future of the cryptocurrency market. While the sell-off has caused temporary price fluctuations, the asset remains stable at around $1,800. This activity comes amidst a backdrop of institutional interest in Ethereum ETFs. Analysts point to long-term holders, including those who participated in the early ICO days, as primary drivers behind these sales. This event echoes previous whale liquidations that have historically shown Ethereum’s resilience and ability to absorb significant market shifts. The sale also highlights ongoing confidence from major players like Blackrock, who recently increased their Ether ETF holdings by 20 million USD.