#ETHBreaksATH Quick Summary of Reasons
Large sell-off (whale sell-off) led to a rapid collapse (long squeeze).
Disparity in institutional interest leaning towards Ethereum.
Failure to break through a key resistance and high trading volume participation from sellers.
General impact on digital markets due to unclear economic forecasts.
What could happen next?
If the whale sell-offs continue without recovery indicators from investors, we may see further decline towards $120 - $140 (AInvest, Cointelegraph).
However, if interest in infrastructure renews (activity on-chain, DEX volumes) or market sentiment shifts towards optimism, the price may find support for a rebound and recovery (CoinGape, The Coin Republic).