Ethereum whales selling off - is it time to buy or beware? Analysis of recent market trends and price movements.
Recently, Ethereum whales have been selling off large amounts of their tokens. Despite this, top market analysts see this situation as a buying opportunity for new investors. The price of Ethereum has increased by over 13% to $1,612 after hitting $1,400 on Tuesday. Some analysts also suggest signs of a potential upward movement in the charts. Confirmation of Ethereum spot ETF trading by the SEC could further boost institutional investor participation. Overall, Ethereum is currently in a price stabilization phase with potential for an upward trend.
