ETH whales are setting up conflicting pressures, a mix of building treasuries and selling to lock in profits

Description

Ethereum (ETH) moves forward, driven by two opposing trends. Long-term buyers are positioning with growing treasuries, while sellers still try to lock in profits. Ethereum (ETH) is still flowing into treasuries, with large-scale whale buying. ETF are also adding to the demand, with up to 117K ETH bought up on the most active days. ETH rose to levels not seen since 2021, but caused older whales to take profits. | Source: Coingecko The buying did not stop as ETH recovered to levels not seen since ...