Krutika Adani
A crypto whale that purchased Ethereum during its ICO has now sold $47 million worth of ETH after the markets dropped unexpectedly in the backdrop of a potential Israel-Iran War.
The sell-off does not signify anything wrong with Ethereum but shows that the current global macroeconomic conditions might not be suitable for investments.
With the alt season finally arriving, Ethereum is expected to at least double from its current levels, and make an ATH in 2025.
Institutions like ETFs have been buying ETH as the price reaches an attractive accumulation zone.
After the global geopolitical situation de-escalates, Ethereum might see a revival and continue on its journey toward a new ATH.