Ethereum falls below $3,000 as whales accumulate over $130 million in leveraged ETH

Ethereum's price has dropped to about $2,964 amid broader crypto market weakness tied to recent U.S. tariff moves under President Trump and rising risk-off sentiment. While retail traders appear to be selling, large investors such as Trend Research and another whale have bought more than 44,000 ETH through Aave and OTC desks, committing over $130 million. This accumulation around the $2,900–$3,000 range relies partly on leverage and could face liquidation if ETH slides toward $2,500–$2,600.