Ethereum risks 25% price drop as ‘massive whale’ moves $237M in ETH to exchanges

From cointelegraph.com

Ethereum's native token, Ether, is showing signs of vulnerability after breaking below a key multi-year support level, just as a major whale appears to be dumping hundreds of millions of dollars worth of ETH. On the two-week chart, Ether has slipped below the lower trendline of a symmetrical triangle that had held firm since mid-2022. In March, the 200-period exponential moving average (200-period EMA; the blue wave) near $1,600 provided a temporary bounce, but the recovery stalled after hitting the 50-period EMA (the blue wave) around $2,545. chart The 50-period EMA aligns with the triangle’s lower trendline, ... (full story)