In the last 48 hours, Ethereum whales have offloaded nearly 90,000 ETH, raising eyebrows across the crypto community.
ETHUSDT
Perp
3,054.18
+2.70%
๐ This sell-off coincided with a 6.5% price drop, with ETH falling from ~$4,757 to ~$4,510.
๐ The activity was concentrated among wallets holding 1,000 โ 10,000 ETH, suggesting profit-taking after the rally.
๐ Despite heavy selling, ETH showed resilience, bouncing back ~1.4% from its intraday lows.
Market Insight:
The profit-booking trend highlights cautious sentiment among large holders, but it could also create attractive entry points for long-term investors eyeing Ethereumโs upcoming catalysts in DeFi, scalability, and institutional adoption.