Ethereum price experienced significant downward movement after support levels were breached. The price decreased to below $2,300. At the same time, on-chain data shows that major Ethereum holder groups have increased their selling activities which threatens the cryptocurrency’s market value. Ethereum Whales Sold Over 440,000 ETH in a Week Notably, Ethereum whales conducted massive liquidations...
source: https://www.thecoinrepublic.com/2025/03/01/whats-next-for-ethereum-price-amid-eth-whales-panic-selling/