Recently, a significant Ethereum whale sold 29,897 ETH for a total of $84.87 million, priced at $2,839 per ETH. This transaction initially introduced some selling pressure into the market.
Despite the substantial sale, Ethereum demonstrated resilience by maintaining an upward trend. It is currently trading at $2,918, marking a 3.18% increase.
This recovery reveals the market's capacity to absorb large sales without causing major disruptions, indicating strong investor confidence. Ethereum's ability to hold key support levels is encouraging for investors and the market.
