Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has faced a significant price drop, falling below $3,500. This decline comes amidst substantial whale transfers to Coinbase, signaling a potential bearish trend in the market. However, with the anticipated approval of Ethereum ETFs, the potential for a bullish recovery looms large.

Whale Transfers and Market Impact

In the last 24 hours, Ethereum’s price has fluctuated between an intra-day high of $3,536.84 and a low of $3,447.94.&middot

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