Ethereum is currently trading at a low volume of large transactions, unlike previous bullish cycles seen in 2017 and 2021. If whales start offloading their holdings without signs of significant interest from institutional investors, this could trigger a further price correction.
Despite current challenges and criticism surrounding Ethereum’s leadership, some experts remain optimistic. They suggest that increasing institutional engagement and changes in regulation could lead to a significant price rally, counteracting the current bearish sentiment.