Ethereum Whales Sell Amidst Price Drop, Signaling Market Uncertainty

The cryptocurrency market is experiencing a sudden decline in Ethereum’s price. After reaching an intraday high of $4,379 earlier today, Ethereum has witnessed a 5% drop, prompting concerns from traders. Large institutional investors known as whales are contributing to this sell-off. Data shows they have liquidated significant amounts of their ETH holdings over the past few hours, potentially exacerbating the downward pressure on the price.