The co-founder of Ethereum, Jeffrey Wilcke, sold 20,000 ETH worth $72.50 million on a cryptocurrency exchange. Despite the sell-off, Wilcke still holds 106,000 ETH worth $384 million. Whales and investors deposited $333.04 million worth of ETH onto exchanges, suggesting selling pressure and a potential price decline. However, traders remain optimistic as ETH futures open interest has increased by 7.9% in the last 24 hours. Technical analysis suggests ETH is retesting the $3,550 breakout level and could reach $4,100 with a bullish outlook. Currently, ETH is trading at around $3,570 with a 1.85% price gain in the past 24 hours.



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