Ethereum (ETH) is facing heightened volatility as large whale wallets move significant amounts of ETH to exchanges. This activity has driven ETH prices below key support levels, sparking concerns among traders[](https://www.analyticsinsight.net/cryptocurrency-analytics-insight/ethereum-drops-uni-wobbles-wai-stakers-on-track-to-earn-real-income-700-roi "1"). Analysts are closely watching the $1,500 and $1,420 zones, as failure to hold these levels could lead to further price drops[](https://www.analyticsinsight.net/cryptocurrency-analytics-insight/ethereum-drops-uni-wobbles-wai-stakers-on-track-to-earn-real-income-700-roi "1").
Additionally, Ethereum's whale dominance has reached its highest level since 2015, with whale wallets now holding 46% of the total ETH supply[](https://beincrypto.com/ethereum-whales-major-threat-price/ "2"). While this signals confidence among major holders, it also raises risks of sudden price swings if large players decide to sell[](https://beincrypto.com/ethereum-whales-major-threat-price/ "2").
Despite these challenges, Ethereum continues to attract institutional interest, with staking surpassing 40 million ETH—over 33% of the total supply[](https://nftevening.com/eth-price-prediction-in-april/ "3"). This reflects long-term confidence in Ethereum's ecosystem, even as short-term price movements remain uncertain[](https://nftevening.com/eth-price-prediction-in-april/ "3").
