Ethereum Whales Sell 143,000 ETH Amid Market Uncertainty

Ethereum is trading around $1,600, struggling to regain higher prices amid bearish market conditions. Key points include:

Bulls show weak momentum as bearish pressure persists.
Ongoing macroeconomic uncertainty, particularly tensions between the U.S. and China, affects investor sentiment.
Ethereum whales have offloaded approximately 143,000 ETH in the past week, indicating reduced exposure from large holders.
A recovery is possible if Ethereum can reclaim short-term resistance levels; however, the current structure reflects a downtrend.
Price action lacks clarity, and analysts warn of potential further declines without strong buying interest.
Critical resistance at $1,850 aligns with the 4-hour 200 MA and EMA around $1,800, which bulls must reclaim for a trend reversal.
If unable to hold above these moving averages, Ethereum risks retesting or dipping below the $1,500 level.

The market remains volatile, driven by global tensions and no clear catalysts for breakout, keeping the risk of further declines high.