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Ethereum whales dumping ETH as price slides below $4K, data shows -Breaking

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Ethereum has difficulty keeping its wealthiest investors on the same page as Ether, its native token.ETHThis suggests more losses are likely in the short term.

Blockchain data analytics service Glassnode revealedThe number of Ethereum addresses that hold at least 1000 ETH fell to 6,292 Monday. This is the lowest level since April 2017. The January peak was 7,239, which is the lowest reading since April 2017.

Number of Ethereum addresses that have a balance less than 1,000 ETH. Glassnode
There are at most 10,000 Ethereum addresses that have a balance. Glassnode
There are at most 0.1 Ethereum addresses that have a balance less than 0.1 Ethereum. Glassnode
Weekly price chart showing falling wedge. TradingView
Daily price chart for ETH/USD with falling wedge targets TradingView
Three-day chart of the USD/ETH exchange rate. Source: TradingView, Pentoshi