Ethereum whales transfer 390,000 ETH, worth more than $1 billion!

Recently, on-chain data shows that Ethereum big holders seem to be selling their ETH. Nearly 390,423 ETH (about $1 billion) was transferred to exchanges, which usually indicates that holders may be ready to cash out, putting pressure on the market.

$ETH The price once climbed to $2,600, but as selling emerges, it is expected to pull back to $2,440. If this trend continues, ETH's short-term outlook will be more challenging, and the movements of whales are particularly worth paying attention to!

The market bearish signal is getting stronger and stronger, and we will wait and see how the subsequent trend will be!