Investing & Markets

Ethereum’s Power Shift: Whales Retreat, Sharks Accumulate

Ethereum’s Power Shift: Whales Retreat, Sharks Accumulate

Ethereum's Shifting Tides: Whales Retreat, Sharks Accumulate Market Share The cryptocurrency market remains largely bearish, and Ethereum (ETH) has experienced an intensified decline, with its price gravitating towards the $3,800 mark. This downward trend has coincided with a notable shift in investor sentiment, particularly among Ethereum's largest holders, often referred to as "whales." These significant investors are increasingly displaying a waning confidence in the altcoin's future price trajectory, evidenced by a steady decrease in their overall holdings. The Steady Decline of Ethereum Whales As Ethereum's price has suffered a sharp downturn, the sentiment among its most substantial investors has predictably soured, shifting towards a pessimistic outlook. Joao Wedson, a respected market expert and founder of Alphractal, has highlighted a significant change in the composition of Ethereum's ownership landscape. He reveals that the number of "whales&…

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