Ethereum Price Dynamics: Active Address Rise Indicates Possible Bullish Recovery Amid Whales Retreating

• ETH’s price is under pressure but has the potential for recovery with a bullish market sentiment.

• Whales are selling off their holdings while sharks have acquired 4.4 million ETH, signaling accumulation.

• The Total Staked Ethereum supply has surged to 36 million ETH, indicating long-term bullish sentiment among investors.

Ethereum (ETH) shows potential for recovery amidst fluctuating prices. Explore the rising trends in staking and address activity for insights into future movements.

What is Ethereum (ETH)?

Ethereum (ETH) is a decentralized blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). Currently, ETH’s value stands at $4,225, reflecting ongoing market activity and investor sentiment.

Why are whales selling their ETH holdings?

Recent analysis shows that whales, the largest ETH holders, are selling their assets, resulting in increased selling pressure. However, sharks—investors holding between 10,000 and 100,000 ETH—are increasingly accumulating the asset as whales retreat, potentially signaling a bullish shift.

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