ETH long-term holders dump 45K Ether per day: Is a price drop to $2.5K next?

Recent trends indicate that long-term holders of Ether are selling approximately 45,000 Ether daily, raising concerns about a potential price drop to $2,500, which would represent a 23% decline. This situation mirrors the dynamics seen in Bitcoin, where significant whale accumulation has failed to push prices past critical thresholds. The ongoing selling pressure from Ether holders suggests a bearish sentiment in the market, emphasizing the need for a shift in investor behavior to reverse this trend. Analysts are closely monitoring these developments to assess the potential for recovery.