Despite millions of selling pressure, Ether is staging a breakout to above $3,700 due to an emerging bull flag, according to market analysts.
Despite heavy sell-off from early investors worth millions, some of the most popular industry analysts believe the Ether (ETH) market price is poised for a price breakout.
A whale, or large investor, has started selling Ether after being dormant for over eight years.
The whale accumulated over $1.34 billion worth of Ether at an average cost of $6 and started selling shortly after Donald Trump’s victory, according to onchain intelligence firm Lookonchain’s Nov. 22 X post:
