Ethereum Whales Spark Activity Amidst Price Plunge

Ethereum price has seen a dramatic decline in recent days, with the token falling below a key two-year support level. Despite this bearish trend, an interesting phenomenon has emerged: large Ethereum whales are displaying increased activity. 1.15 million ETH was recorded as large holder inflows on April 7th. This massive influx of funds coincided with a surge in both whale flows (from 178,140 ETH to 1.19 million ETH) and overall holdings (crossing the 66.2 million ETH mark). This activity suggests that whales anticipate a turnaround in price action soon.