In the past 24 hours, an Ethereum whale has sold $256.8 million worth of ETH, raising concerns among investors about a potential market crash. Analytics suggest that such operations could increase selling pressure, which could cause a significant price drop. However, despite this massive sell-off, there has been no significant drop in the price of ETH, which is currently trading around $2,406.
Technical analysis indicates strong resistance at $2,445, while the price needs to hold above $2,335 to avoid further declines.
