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.

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$ETH