Ethereum Price Risks Falling As Whales Dump $60M ETH

Ethereum price has regained momentum today, but the recent whale movements raise concerns over a potential slump ahead. According to recent reports, the whales have offloaded around $60 million in ETH to Binance and Coinbase, hinting that the crypto might face downward pressure ahead. However, some have also argued that the investors might be taking advantage of profit-booking opportunities ahead of the price recovery.