The observation that whales are transferring significant amounts of ETH to exchanges, potentially to sell, can indeed be seen as a bearish signal in the short term. Large sell-offs by whales can lead to price declines.
However, the cryptocurrency world is closely watching the potential launch of an Ethereum spot exchange-traded fund (ETF) in the United States. This development, mirroring the success of Bitcoin spot ETFs, could pave the way for a surge in institutional investment, further strengthening Ethereum's position as a dominant asset class.
More so, Ethereum's staking ratio still has si