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

The current selling trend among long-term Ether holders, who are offloading around 45,000 ETH daily, poses a significant risk of a price drop to $2,500. This situation mirrors broader market dynamics, as seen in Bitcoin, where significant whale accumulation has failed to push prices past $106,000. Both scenarios highlight the volatility and uncertainty in cryptocurrency markets, emphasizing the need for strategic buying conditions to foster a bullish reversal. Investors are keenly watching these developments, as the potential for a 23% decline in Ether's price could influence overall market sentiment.