Since prices are still moving in a parallel channel, Ethereum [ETH] has stayed frozen for the last three weeks.
ETH has fluctuated between $2.4k and $2.7k at this time. The majority of holders have become frustrated due to the price stagnation and have begun to sell; even long-term whales are now participating in the growing selling activity.
According to on-chain researcher @ai_9684xtpa, two old and inactive whales have actually begun to sell their Ethereum holdings. The two whales have sold a total of 1.546.67 ETH in the last day.