U.Today - Ethereum is facing increased selling pressure from whales, causing its price to struggle and investor sentiment to turn bearish, despite a brief 24-hour recovery

https://u.today/massive-66-million-ethereum-dump-in-24-hours-what-happened

Ethereum continues to face challenges, with selling pressure from whales impacting its price and limiting its ability to rally.

Two large transfers of over 27,000 ETH worth approximately $66 million to Coinbase have fueled concerns in the crypto community, leading to increased apprehension among investors.

Despite a slight 24-hour price recovery, Ethereum's price remains down by 10.43% over the past week, with reduced trading volume signaling bearish sentiment.