news 
Ethereum Whale Selloff Intensifies, What’s Next ETH Price Support?
In a shocking move, a wallet associated with World Liberty Financial has reportedly sold 5,471 ETH for $8.01 million at a price of $1,465 per token within the last 12 hours. This massive sale has sent shockwaves through the cryptocurrency community as investors struggle to make sense of this sudden selloff.
The dumped assets come as Ethereum’s (ETH) price continues to plummet, settling at levels not seen since 2018. With ETH dropping below $1,480, many have been left wondering whether we’re on the cusp of a full-blown global recession.
According to reports, World Liberty Financial initially acquired this large stash of ETH at an average price of $3,259 per token. This drastic drop in value has led investors to question whether Trump’s 104% tariffs on China will escalate the trade war further.
In the face of this uncertainty, analysts are now predicting a potential Fed rate cut in the near future. Meanwhile, popular crypto analyst Ali Martinez believes Ethereum could potentially find its footing at the $1,200 level.
While it is unclear what the implications might be for the ETH price, one thing is certain: the recent selloff has put significant pressure on the market.
We encourage our readers to verify information independently and consult with a professional before making any investment decisions based on this content.
Source: https://www.coinspeaker.com/ethereum-whale-selloff-intensifies-whats-next-eth-price-support/
