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Ethereum Whales Offload Almost $900M Worth of ETH: Is Another Crash Looming?


Ethereum Whales Offload Almost $900M Worth of ETH: Is Another Crash Looming?

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Ethereum remains under severe selling pressure, recovering about 5% from a recent multi-year low just above $1,500, underscoring weak token performance in the crypto market. Downside risk persists as major investors continue to offload, which threatens DeFi adoption and market stability, with the only notable positive being the return of SharpLink.

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Ethereum continues to trade under severe pressure, although it managed to recover around around 5% from its recent multi-year low at just over $1,500.

The threat remains since many of the major investors in its ecosystem continue to offload. The only positive change in the past few weeks has been the return of SharpLink.

Read the article at CryptoPotato

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