A prominent Ethereum whale, who participated in the 2015 ICO for the cryptocurrency, has recently moved a significant amount of ETH. This whale sold $34.11 million worth of ETH over the past week to Kraken, following several other large sales that suggest continued profit-taking. The timing of these transactions coincides with the Pectra upgrade’s activation on the mainnet today at epoch 364032, a move aimed at improving Ethereum’s scalability and validator operations. While the upgrade holds promise for bolstering Ethereum, this whale’s persistent selling has stirred concerns about potential bearish pressure on ETH’s price. The latest sale, totaling $18.24 million worth of ETH from the whale, comes amid market uncertainty, where Ethereum struggles to break through resistance levels within the $1,800 range. Market watchers are closely observing these transactions as they may indicate significant shifts in market sentiment. The actions of this early investor highlight the importance of watching out for potential price fluctuations when considering investments in Ethereum.