Ethereum Whales Dump Over $1.5 Billion in Holdings, Raising Market Uncertainty

The Ethereum network is facing a period of uncertainty as large whales are offloading significant portions of their holdings, causing the price to decline. According to on-chain analysis, over 684,000 ETH were sold by these whales within 24 hours, signaling a growing wave of capital flight and sparking concern among investors. This recent selling spree comes after a period of sideways movement between $2,400 and $2,700 for the past three weeks. Key support levels are now at risk as analysts observe rising impatience from long-term Ethereum holders in the face of these sales.