Ethereum Drops Nearly 10% as Whale Wallets Accumulate Over $100 Million

Ethereum fell nearly 10% in 24 hours, trading below $3,200. During the decline, large wallets accumulated significant holdings, with one entity purchasing 9,176 ETH worth approximately $29.14 million and another acquiring 16,937 ETH valued at $53.91 million. Data show 2.53 million ETH were bought near the $3,150 level, establishing a key support zone.