Ethereum whale activity drops 86.6% as large transactions fall from 2,194 to 294

Ethereum (ETH) stayed under pressure Thursday amid Middle East geopolitical tensions, persistent inflation concerns, and expectations of tighter monetary policy. The weakness has coincided with a sharp pullback in whale participation indicated by on-chain data. Large Ethereum transactions slid over the past two weeks, according to Santiment data shared by crypto analyst Ali Martinez.