What are the whales doing... Will the market remain bullish...?!
**$528 million worth of Ethereum sold - major whales cash out in a profit-taking wave!**
• **178,080 ETH** was sold in recent days (totaling **$528 million**).
• **Trend Research** sold **79,470 ETH** for **$250 million**.
• Average selling price: **$3,145** versus average buying price: **$2,118**.
• They had accumulated **184,115 ETH** between **February 26 - June 20** (worth **$390 million**).
**Potential impacts**
- **Selling pressure** on **ETH** price in the short term due to large quantities sold.
- **Profit-taking** after the price increase from accumulation levels (~**48%** approximate profit).
- This move may indicate **expectations of a correction** or a shift in the trends of major investors.
**Note for traders**:
- Monitor strong **support levels** for ETH (such as **$3,000 - $2,850**).
- If large sell-offs continue, we may see a test of new lows.
