Are Ethereum Whales A Major Threat for Its Price?

Ethereum (ETH) continues to struggle below the $2,000 mark, a level it hasn’t reclaimed since March 28, as bearish momentum lingers across both technical and on-chain indicators. Despite attempts to stabilize, recent data reveals rising concentration of ETH among whale wallets, alongside persistent weakness in trend indicators like EMA lines. At the same time, retail and mid-sized holders are gradually losing share, further skewing ownership toward large players. This combination of declining retail participation and heavy whale dominance may leave ETH increasingly vulnerable to sharp corrections if sentiment turns source: https://beincrypto.com/ethereum-whales-major-threat-price/