Ethereum Whales Sell Massive Amounts, Threatening $4,000 Support

Recent data reveals a stark shift in the behavior of prominent Ethereum whales. After accumulating significant quantities over recent weeks, these large investors have begun selling off substantial amounts of ETH, raising concerns about the asset’s future price trajectory. 430,000 ETH were unloaded by whales in just two weeks, generating a value exceeding $1.8 billion, marking a dramatic change from their previous accumulation spree during July and August. This sudden sell-off has triggered questions regarding whether Ethereum will fall below the crucial support level of $4,000.