Ethereum (ETH) experienced a sharp price drop, triggering panic-selling and resulting in heavy accumulations. The cryptocurrency market remains confused as analysts struggle to predict when prices might recover. Ethereum’s price surge in recent days brought it close to its previous all-time high ($4,800), but a sudden dip has left the market uncertain. 4 years ago, ETH traded at $4,800 and this is what many are hoping to see again. However, panic selling led by prominent crypto whales has seen some large withdrawals. While some are selling off their ETH holdings due to price drops, others are looking for opportunities to accumulate more assets at potentially lower prices in anticipation of a recovery. 0x17E0, a prominent cryptocurrency trader, sold over $22 million worth of ETH at $4,463, locking in a profit of $9.75 million. Another large Ethereum holder sold nearly $96.55 million worth of ETH at around $4,687 and is now up over $26 million from the initial purchase. The uncertainty about the future has led to significant interest in ETH among whales as they wait for a potential rebound. Analysts remain divided on the extent of the price drop and its likely duration. Some speculate it might be a temporary correction while others believe it could signal a larger downturn. The market is eagerly awaiting further developments to gain clarity on ETH’s future trajectory.