news 
Title: $182 Million in Ethereum (ETH) Sold by Genesis Whale, Bringing Prices Down Sharply
A recent massive selling activity has resulted in a sharp price drop for Ethereum (ETH), which is consistent with the cryptocurrency’s difficulty breaking higher. The market is now susceptible to bearish sentiment due to the lack of volume and momentum, particularly since it has not been able to retest the $4,000 resistance in recent weeks.
The exhaustion of this whale’s sell-off may serve as a stabilizing factor for Ethereum in the future, lowering the pressure on the open market to sell. It is essential for traders to monitor the support levels of $3,219 and $3,000 to determine whether a bearish shift has begun or if consolidation will continue.
However, regaining the whale’s average selling price of $3,528 could boost investor confidence on the positive side.
Source: u.today
