Global #ETH holdings

Despite a recent upswing in altcoin momentum, Ethereum (ETH) is facing significant selling pressure from major institutional players. In the past 24 hours, notable transactions have raised concerns about the future of ETH, as key wallets have offloaded substantial amounts of the cryptocurrency.

The recent approval of the Ethereum Spot ETF by the SEC on May 24, 2024, has prompted a notable increase in the movement of ETH holdings across various crypto exchanges.