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Ethereum Faces Resistance as Whales Offload $17.76M ETH

  • Ethereum whales sold 7,312 ETH valued at $17.76M and made a $4.49M profit in three hours.
  • ETH decreased by 4% to around $2,443 amidst $158 million in leveraged liquidations and market anxiety.
  • Key resistance levels for Ethereum are at $2,460–$2,580; a breakout above $2,580 could trigger a rally towards $2,700–$2,780.
  • Whale movements offloading large ETH holdings have led to concerns about short-term price movements, with Ethereum struggling near $2,400.

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