Are Ethereum Whales A Major Threat for Its Price?

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Ethereum (ETH) continues to struggle below the $2,000 mark, a level it hasn’t reclaimed since March 28, as bearish momentum lingers across both technical and on-chain indicators. Despite attempts to stabilize, recent data reveals rising concentration of ETH among whale wallets, alongside persistent weakness in trend indicators like EMA lines.

ETH-1.55%
MAJOR3.97%
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