[Ethereum Hits New Lows: What’s Next for $ETH ?]

Ethereum ($ETH ) has taken a steep dive, falling over 13% in just 24 hours to below $3,200. Investors are asking: Is this the bottom, or will prices drop even more? Here’s a quick breakdown of what’s happening.

Why Is Ethereum Falling?

1. Whale Panic Selling

Big Ethereum holders, known as whales, are selling massive amounts of $ETH . For example:

- One whale sold over $122 million worth of ETH in two days.

- Another sold $170 million worth in just 8 hours.

2. Ethereum Foundation Sales

The Ethereum Foundation, which funds development, has also been selling ETH. They sold 100 ETH recently when the price was $4,000 and have sold over $12 million worth in the past year. These sales put extra pressure on the price.

What’s Next for Ethereum?

The key level to watch is $2,800. If the price holds there, we might see a recovery. But if the sell-offs continue, ETH could fall even lower.

Should You Be Worried?

For Long-term Holders: Price dips like this are normal for crypto and can be good buying opportunities.

For Short-term Traders: Be ready for more volatility as the market settles.

The Bottom Line

While the drop looks scary, crypto markets move in cycles. What feels like chaos now could become a great opportunity later. Whether you buy the dip or wait for more stability, staying informed is key.

What do you think of the whales’ moves and the Foundation’s sales? Share your thoughts!

Disclaimer: DYOR, NFA, for educational purposes only.