Ethereum

<ul><li>The Ethereum market feels the impact as whales deposit $60 million, igniting concerns about buying pressure.</li><li>Despite the energy-efficient Shanghai upgrade, Ethereum faces a drop in daily transactions and TVL.</li><li>Vitalik Buterin&#39;s transfer of ETH to Kraken stirs speculation, adding an intriguing twist to Ethereum&#39;s future.</li></ul>Cryptocurrency enthusiasts and investors have been closely watching Ethereum as it grapples with a series of concerning developments. Notably, Ali, a cryptocurrency analyst on X(former Twitter), has sounded the alarm regarding a need for more buying pressure from Ethereum whales.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8bd04f91a6e84832b388f0ace95e9355.png" />This revelation comes after a significant <a href="https://x.com/ITC_Crypto/status/1704159150282788994?s&#61;20" rel="noopener noreferrer nofollow">drop in the ether-to-bitcoin</a> ratio to a 14-month low, per Into The Cryptoverse X account, further exacerbated by large token holders. This includes Ethereum co-founder Vitalik Buterin moving coins to crypto exchanges, possibly in preparation for selling.In cryptocurrencies, &#39;whales&#39; refer to those with substantial holdings, often wielding considerable influence over market trends. Reports highlighted that these influential players have deposited $60 million worth of ETH to crypto exchanges. Such actions often signify an intention to sell, sending concern throughout the market. Notably, according to PeckShield, <a href="https://cryptotale.org/?s&#61;&#43;Vitalik&#43;Buterin" rel="noopener noreferrer nofollow">Vitalik Buterin</a>, a prominent figure in the crypto space, transferred 300 ETH to Kraken, sparking speculation about his intentions and the impact this could have on Ethereum&#39;s value.Read full article at <a href="https://cryptotale.org/ethereum-faces-uncertainty-as-whales-deposit-millions-amidst-bearish-signals/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Ethereum Faces Uncertainty as Whales Deposit Millions Amidst Bearish Signals

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