In 2015, an Ethereum whale received 200,000 ETH from the Genesis Block, and the liquidation process for this whale is now nearing its end. The whale sent 3,370 ETH (worth roughly $11.37 million) to Kraken today, adding to the significant sales it has made throughout the year. The whale currently holds 7,594 ETH, worth between $25 million and $72 million. This selling activity has raised concerns about price suppression caused by an increase in supply, but the fact that the whale is almost finished selling may lessen the downward pressure on Ethereum's price in the short term. Ethereum is currently in a consolidation phase on the price chart, trading close to $3,390. It is important to monitor support levels at $3,219 and $3,000, as breaking below them could indicate a bearish shift. Regaining the whale's average selling price of $3,528 could boost investor confidence. Overall, the exhaustion of the whale's sell-off may stabilize Ethereum and reduce pressure on the market to sell.



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