Ethereum Price Dip: Veteran Wallet Sales Signal Bearish Sentiment

Ethereum prices dipped below key levels this week, but a major selling event from an experienced wallet suggests a bearish trend. A veteran ETH wallet, dormant for two years, sold $16.86 million worth of Ethereum at the current price point ($1,576). This unexpected move coincides with market weakness as Ethereum trades near multi-month lows. The sale aligns with long-term holders exiting during rallies, indicating a potential bearish trend.