Ethereum’s price recently hit a new all-time high, surpassing $4,500. However, recent data indicates increased sell pressure, as investors are taking profits, despite the surge in DeFi activity and institutional investment. While a significant $8 billion worth of ETH has been sold in the last few days, this is not indicative of wholesale dumping but rather a repositioning strategy by prominent whales. A large whale offloaded 4,958 ETH for approximately $22 million, generating profits while attracting attention to resistance near the $4,463 price level. However, Ethereum’s network activity remains robust. Inflows into spot ETH ETFs hit record levels of over $2.3 billion in six days, while daily transactions on Ethereum have reached nearly 1.87 million – signifying strong demand within the ecosystem. 💰