#Eth

𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙍𝙚𝙩𝙖𝙞𝙡 𝙏𝙧𝙖𝙙𝙚𝙧𝙨 𝘾𝙖𝙨𝙝 𝙊𝙪𝙩 𝙖𝙨 𝘼𝙡𝙩𝙘𝙤𝙞𝙣 𝙎𝙚𝙖𝙨𝙤𝙣 𝙄𝙣𝙙𝙚𝙭 𝙏𝙪𝙢𝙗𝙡𝙚𝙨

Ethereum retail traders are looking to cash out amid an aggressive selling spree in the last one month as altcoin season index falls to 20.

Ethereum (ETH) is at a tipping point as retail interest towards the largest altcoin fizzles out despite a notable uptick in whale activity. The declining interest follows a notable decline in the altcoin season index that is now sitting at range lows, suggesting that it is currently “Bitcoin season” as interest towards the largest crypto grows. Meanwhile, Ethereum price remains stuck within a narrow consolidation range, indicating that both buyers and sellers remain hesitant.

Data from Santiment shows a significant decrease in retail interest towards ETH.

These traders, who are popular with trading based on the market sentiment, are beginning to sell as Ethereum price stagnates within the range of $2,400 and $2,700. Moreover, some of the retail traders who bought during the May rally are beginning to realize losses.

Per this data, the traders that hold between 1,000 and 10,000 ETH have reduced their holdings from 15.12 million to 15.03 million since June 1, suggesting that they have sold 90,000 tokens in less than three weeks.

At the same time, the addresses holding between 10 and 1,000 ETH are holding the least amount of Ethereum in more than three months after an aggressive selling spree.