Ethereum, the second-largest cryptocurrency by market cap, has been experiencing a notable period of consolidation over the past three months. During this time, major holders, or 'whales', have exhibited noteworthy trading restraint.
This cautious approach by Ethereum whales is seen as a significant factor affecting the currency's potential breakout from its current consolidation zone, influencing market dynamics.
Analysts suggest that this behavior might point to broader market sentiment and expectations regarding Ethereum's future trajectory.
