Ethereum (ETH) is showing signs of a potential price decline after recent bearish price action. On-chain analytics firms IntoTheBlock and CryptoQuant have revealed that whales and industry experts are losing interest in the altcoin. Additionally, data shows that exchange reserves have increased by nearly 100k ETH, indicating increased selling pressure. Whales have also begun withdrawing tokens from staking, suggesting they are taking profits or losing interest. Expert technical analysis suggests ETH is forming a bearish double-top pattern and its Relative Strength Index is falling, further indicating a price decline. There is a strong possibility that ETH could decline by 12% to reach the $3,500 level. Currently, ETH is trading near $3,970 and has experienced a modest price decline of 0.80% in the past 24 hours.



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