Ethereum Sees Major Outflow From Mega Whales – ETH Price Drops Below $2,600
Summary
Ethereum (ETH) has faced selling pressure from large investors, leading to a 26% price drop in the last 30 days. The token's consolidation at the bottom of its range is further intensified by a sell signal on the TD Sequential indicator. Key support levels to watch are between $2,300 and $2,380. However, a potential bullish shift is indicated by the ETH balance on exchanges dropping below 10%, suggesting a shift towards long-term holding. The next short-term movement for ETH remains uncertain, with the current price at $2,580.
