Ethereum whales dump 160K ETH worth $348M as price holds near $2,320
- —Whales distributed 160,000 ETH worth over $348 million in recent sessions
- —Net inflow of 100,000 ETH (~$240 million) into centralized exchanges
- —ETH down 1.37% to $2,320, intraday low of $2,290
- —Glamsterdam upgrade on Hoodi testnet postponed pending EIP-8037 checks
Why it matters: Rising exchange reserves and whale selling add to ETH's downside risk, with a break below $2,385 potentially opening the way to $2,000.
Source: Crypto Economy