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Some crypto traders might see Ethereum’s price decline as a bad sign for their investments and could be pondering if they should offload their holdings.
Meanwhile, whales view the altcoin’s price dip as an opportunity that they must seize by increasing their holdings while the price is down, leading to large investors buying a huge volume of Ethereum in the last three days.
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ETH Trading Below $2,000
Analysts said that Ethereum’s price continues to fall as the broader cryptocurrency market is currently experiencing a challenging situation.
Data showed that the world’s largest altcoin struggles to gain an upward momentum and continue to stumble below $2,000.
As of writing, Ethereum is traded at $1,988 per coin, with a market cap of nearly $240 billion.
According to CoinGecko, since ETH hit $3,640 per coin on January 6, the crypto has been steadily decreasing in value with its first major dip happening on January 14, after hitting $3,007.
On February 3, the coin slid further reaching $2,460 and dropped to $2,100 on February 28. Ethereum hit below $2,000 for the first time on March 11. Since then, ETH has been having trouble keeping itself above $2,000.
Whales bought over 120,000 #Ethereum $ETH in the last 72 hours! pic.twitter.com/kuZY6u9drS
— Ali (@ali_charts) March 21, 2025
An Opportunity In The Dip?
Ethereum struggling to maintain itself at the $2,000 level might worry many crypto traders, but large-scale investors saw…
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