<ul data-eligibleForWebStory="true"><li>Large Ethereum holders, known as 'whales,' have engaged in a second round of profit-taking by selling portions of their holdings consisting of over 100,000 ETH.</li><li>The profit-taking activities by these whales indicate a reduction in their exposure and a realization of gains from recent price movements.</li><li>Selling off a significant amount of Ethereum holdings by whales can potentially increase selling pressure in the market, impacting price levels.</li><li>The actions of whales selling their holdings often suggest that they find current price levels attractive for securing profits with limited expectation of significant upward movement in the short term.</li><li>While the analysis did not explicitly forecast a price drop, the focus on profit-taking signals a cautious stance for those anticipating a swift rise in Ethereum's price.</li><li>Investors are advised to monitor how this distribution of Ethereum holdings by whales influences the price trajectory of ETH in the near future.</li></ul>

Ethereum Whales Engage in Second Round of Profit-Taking

Discover more