Ethereum Whales’ Holdings Decline Steadily as ETH Price Falls Below Crucial Support
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Ethereum whale holdings have been dropping since the start of the year, indicating selling pressure. The asset's price has recently fallen by double digits and is currently below critical support levels, increasing the risk of further declines.
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On-chain data spells trouble for Ethereum as the total holdings of whales have been continuously declining since the start of the year, reported popular analyst Ali Martinez.
At the same time, the underlying asset’s price has tumbled by double digits over the past week or so and is currently struggling below a few key levels that could lead to even more retracements.
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Coins
$ 1.82K
-0.05%$ 1.81K
-0.26%Predictions Markets
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