#ETHProspects

In recent developments, Ethereum (ETH) has experienced a price decrease of approximately 20.7% over the past week, reaching a low of $2,924. This decline led to the liquidation of $395 million in leveraged long positions in the Ethereum market.

Additionally, Ethereum whales have been selling at a loss, indicating potential challenges in the market. One notable whale incurred a $1 million loss due to ETH’s inability to surpass critical resistance levels.

Despite these challenges, some analysts believe Ethereum is preparing for a significant upward movement, citing strong patterns in the cryptocurrency’s behavior.