Ethereum (ETH) Price Demonstrated Signs of Rebounding from Its Sharp Recent Price Decline

Ethereum whales imposed major selling pressure on the cryptocurrency during the previous week.

Ethereum price demonstrated signs of rebounding from its sharp recent price decline which leads analysts to speculate about establishing long-term market trends.

But, Ethereum whales had imposed major selling pressure on the cryptocurrency during the previous week.

This recovery had led traders to consider whether it indicates a future market upswing or represents a temporary market rebound within ongoing downward momentum.

A seasoned Ethereum investor sold 10,702 ETH valued at $16.86 million at $1,576 per token during the past few days.

The investor's actions began on June 28, and they completed their final transaction on July 2, according to data from Etherscan.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's actions began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $1,573. Finally, they sold 300 ETH for $472,000 at an average price of $1,568.

The investor's activity began with an initial transaction of 7,000 ETH valued at $11.4 million at an average price of $1,634.

Later, they executed another transaction of 3,000 ETH for $4.7 million at an average price of $1,564.

The investor also sold 700 ETH for $1.1 million at an average price of $