An Ethereum whale, who has been holding ETH since its inception in 2015, has moved 3,370 ETH, worth around $11.37 million, to Kraken in the past nine hours. The move is part of a pattern in 2024, where the whale sent a total of 48,687 ETH, worth $171.78 million, to Kraken. The whale’s wallet now holds 7,594 ETH, worth $25.72 million, and is nearing the end of an eight-year selling streak. Ethereum price remains below the $3,500 resistance level, currently trading at $3,388.28. Despite the strong fundamentals, the asset is facing heavy pressure, with prices hovering near the $3,400 area. The 24-hour trading volume is $16.38 billion, indicating moderate market activity. The price is below critical moving averages, showing a bearish trend. However, there are signs of weakening downward pressure, suggesting a possible bullish reversal.