Price increase followed by selling pressure: ETH surged over 15%, hitting 4,100 USD, but strong selling pressure has emerged. Historical patterns show that previous surges to this level were often followed by declines. Currently, a similar trend seems to be developing.
Whales withdrawing ETH from staking: Whale activity has shifted as they withdraw tokens from staking, indicating profit-taking or reduced long-term interest. Notably, Justin Sun’s withdrawal of 52,905 ETH from Lido Finance signals increased selling pressure, compounding the bearish outlook.
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