Whale sales in Ethereum (ETH) have started to increase.

With Bitcoin rising above $100,000, alarm bells have started to ring for #Ethereum ($ETH ), which is approaching $4,000.

According to the latest data, whale activity in Ethereum shows that the selling pressure on ETH is increasing. This development shows that whales are taking action as ETH approaches $4,000.

According to IntoTheBlock data, the exit of large investors from Ethereum peaked at 647,220 ETH on December 3. Inflows during the same period were recorded as 582,710 ETH. The widening gap shows that the selling pressure for ETH is increasing.

Although interest in Ethereum ETFs remained positive this week, there was a sharp decrease compared to last week. On December 3, Ethereum ETF inflows were $132.6 million, while the previous day this figure remained at $24.2 million. On Friday last week, inflows reached $332.9 million, but this amount has now decreased significantly.

In addition, long positions are rapidly increasing on the futures side. While traders are bullish, the possibility of a major liquidation is increasing. Volatility may increase especially in the $4,000 band. This level can act as resistance both technically and psychologically. If it is exceeded, the upward momentum will accelerate even more. In a scenario where ATH is broken, the highly anticipated altcoin rally may begin.

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