Ethereum Price Drops: Whale Sales Fuel Selling Pressure

Recent analysis points to a significant sell-off in the Ethereum (ETH) market, leading to a decline from its peak of $2,700 to around $2,500. Investors have realized approximately $1 billion in profits this week, according to on-chain data, fueling concerns about further price declines. 💰 These large sales by investment giants known as ‘whales’ are being attributed to a major driver of the market downtrend. 📉