The leading altcoin, Ethereum (ETH ($2,945.89)) 
$1,895, has recently dropped below the $2,000 mark, resulting in a market value loss of $46 billion in just one week. During this period, ETH experienced a decline of 10.64%, making it one of the weakest performing major altcoins. While technical indicators suggest that ETH has entered an oversold territory, the selling pressure from whale-level investors continues to affect the price.
Whale Moves 7,000 ETH to Exchange
As the price of Ethereum fell, significant activity occurred within the network. On-chain data revealed that a long-dormant Ethereum whale moved ETH that had been held since the ICO era. This whale transferred 7,000 ETH (approximately $13.8 million) to the Kraken exchange.
This transaction took place at a time when ETH had dropped to around $1,760. Although the price has since rebounded to approximately ...
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