$528,000,000 in Ethereum (ETH) Sold: Who's Dumping?

Key Points

1. Two Ethereum whales sold 178,080 ETH (worth ~$528 million) after accumulating them at an average price of $2,118, securing substantial profits.

2. One whale sold 79,470 ETH for ~$250 million but still holds 105,664 ETH (~$354 million).

3. Another whale sold 98,610 ETH for ~$278 million after purchasing at an average price of $2,518, retaining 35,022 ETH (~$117.5 million).

4. The daily RSI for ETH is at 83.46, indicating near-overbought conditions, which may signal caution.

5. Despite profit-taking, the rally could continue if ETH remains above the $3,200-$3,300 support level.