Ethereum faces $4.4k challenge as whale activity triggers ETH sell-off

A major whale sold 15,000 ETH worth 70.15 million USD, following another sale of 30,000 ETH for 138.40 million USD, leading to caution around the 4,430 USD support level.

If the support fails, ETH could drop 12% to around 3,860 USD, consequences of declining network activity, and an increase in defensive trading positions.

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