The cryptocurrency market started November with a slightly bearish sentiment, highlighted by Bitcoin's decline below the $70,000 mark. This downturn is partly attributed to temporary selling pressure led by market uncertainties related to the upcoming U.S. presidential election. Despite these expected fluctuations, there are particular concerns surrounding Ethereum's performance.
One of the critical factors affecting Ethereum's ability to surpass the $3,000 price level is the ongoing whale selling. This activity by large investors, or 'whales,' introduces further doubts about Ethereum's capacity for price recovery in the current market climate.
