Will Ethereum Price Crash Below $2,000 Again Amid Whale Sell-Offs

Ethereum whales are selling significant amounts of ETH after recent accumulation, with one dormant whale depositing 15,000 ETH ($30.97M) to Coinbase and another selling similar amounts. This increased selling pressure could push ETH below $2,000 again, especially as the price has already declined over 5% in the past week despite trading above $2,100.

• →A 2-year dormant Ethereum ICO whale deposited 15,000 ETH worth $30.97 million to Coinbase, signaling potential selling pressure.
• →Another whale sold 15,002 ETH for approximately $30.97 million, realizing gains of over 16,082% from their original $12.83 per coin purchase.
• →Large-scale whale movements to exchanges typically create selling pressure and can trigger chain reactions among other traders.
• →ETH has already fallen over 5% in the past seven days, showing underlying bearish momentum despite trading around $2,100.
• →The combination of whale sell-offs and current market volatility increases the risk of ETH dropping below the $2,000 level.