📝 Ethereum price (#ETH: ) suffers after major investors decided to sell.

⚪Ethereum investors #etherreum appear skeptical

Ethereum price recently lost a key support level due to broader market signals and growing pessimism among ETH holders. The greatest evidence of this can be seen in the behavior of whales.

💠Whales usually have the greatest influence on the asset, since they have the largest wallets. However, in the case of ETH, whales do not seem to be very optimistic about profits. Addresses holding between 100,000 and 1 million ETH have sold nearly 700 million ETH in the past two weeks.

⚪The sale of this amount of coins worth $2.32 billion reduced their total holdings to 20.26 million ETH. Since whales are popular even during bear markets, their sudden selling is cause for concern.