Ethereum Faces $2,000 Warning as Whales Shed $348M in ETH
- —Whales offloaded about 160,000 ETH worth over $348 million
- —ETH held on exchanges rose by 100,000 coins, roughly $240 million
- —ETH lost the $2,385 support and slipped below $2,300
- —The Glamsterdam upgrade on Hoodi was postponed over EIP-8037
Why it matters: Rising exchange balances and whale distribution raise the risk of a drop toward $2,000 unless ETH reclaims $2,385.
Source: U.Today