Ethereum whales dumping ETH as price slides below $4K, data shows

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Ethereum whales dumping ETH as price slides below $4K, data shows
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The number of Ethereum addresses that hold at least 1,000 ETH dropped to its four-year low this Monday, data shows.

But as the numbers of these so-called whales drop, it reflects an ongoing selling trend among the richest Ethereum wallet owners. For instance, the number of

Meanwhile, addresses that hold at least 0.1 ETH jumped to 6.44 million this Monday compared to 3.62 million on Jan. 1, 2021. That is almost a twofold rise, signaling aNumber of Ethereum addresses with balance of at least 0.1 ETH. Source: Glassnode, its psychological resistance level. The chart below shows that the trendline is a part of a descending channel that appears like a"falling wedge."are technically bullish reversal patterns that appear after the price trends lower inside a trading range featuring two converging trendlines. The instrument in concern eventually breaks above the structure's upper trendline ahead or after reaching the apex .

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