Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. Investors are on tenterhooks, with whales exiting their positions and the market sentiment teetering between fear and a glimmer of hope. Related Reading: 900 Million Telegram Users Send TON Token Soaring 15% – Details Ethereum Price Struggles To Regain Footing Ethereum’s price has been on a rollercoaster ride in recent months. After reaching new highs in late 2021, the cryptocurrency plunged dramatically, leaving investors reeling. The recovery has been slow, with Ethereum currently hovering around $3,077 – a far cry from its peak. Source: Coingecko This lackluster performance is causing anxiety among investors, particularly large holders known as whales. Recent data from Lookonchain paints a concerning picture: a whale who bought ETH a year ago is cashing out, pocketing a cool $16 million in profit. This whale’s actions highlight a potential exodus of major investors, which could further depress the price. Fear Grips Ethereum Whales WhaleStats, a platform that tracks large cryptocurrency holders, reveals that Ethereum whales are experiencing extreme fear. The BSC Chain Ethe ..
Support the originator by clicking the read the rest link below.
