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ETH Watch: Will Whale Wake-Ups and Government Transfers Heat Up the Ethereum Charts?

  • Ethereum is trading around the $2.5K support level amidst a neutral market sentiment.
  • Over $32.95 million worth of ETH was liquidated, with the largest altcoin facing challenges to reclaim the $3K mark.
  • On-chain data shows an early Ethereum ICO wallet reactivated after ten years, transferring 1,140 ETH.
  • The technical analysis suggests a potential downside movement if Ethereum slips below $2,544 support.

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