Ethereum Whales Sell Off Amidst Price Bounce – Red Flags Emerge

Ethereum’s price rebounded above $1,600 after a recent dip, triggering some long-term investors to sell. While the move shows promise, analysts are raising concerns about potential profit-taking from veteran Ethereum whales and cautioning against it as the market remains uncertain. Despite a temporary relief in the market due to delays on new tariffs, a notable 10,702 ETH sale by an inactive whale has raised red flags for some.