Ethereum’s price is struggling to maintain upward momentum around $2,087 due to indecision from key holders. Whales initially sold 1.3 million ETH, then quickly bought back 1.25 million, creating sideways price action. Long-term holders, previously accumulating ETH, have recently started selling, indicating growing uncertainty. This lack of aligned conviction from whales and long-term holders makes it difficult for Ethereum to break through resistance levels. While a move above $2,241 is possible with renewed accumulation, consolidation around $2,000 remains the most likely scenario until a clear directional bias emerges.
Ethereum Whales Seem Confused, Where Is Price Heading?
