Ethereum

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Justin Sun's sale of $143 million worth of Ethereum (ETH) has drawn attention in the crypto community, as it raises concerns about the market's stability. If other major investors follow suit, it could intensify the downward pressure on ETH prices.

However, whether Ethereum drops below $3,000 depends on several factors:

1. Actions of other large investors: If the sell-off continues, ETH prices could face further pressure.

2. Overall market conditions: Broader market trends, including news about regulations, macroeconomic data, and Bitcoin's performance, can significantly impact Ethereum.

3. Market recovery: The crypto market is highly volatile, and periods of sell-offs are often followed by recoveries driven by small or large investors buying back in.

While Sun's move might contribute to uncertainty, the future of ETH's price depends on how the broader market reacts and whether confidence can be restored.