Ethereum Crumbles Under Macro Headwinds, Whale Sells $174 Million

Ethereum is under pressure as it falls 2.3% to around $2414 over the past day, with the $2400 support level now at risk from macro headwinds.

The combination of rising US Treasury yields and renewed US-Iran tensions has led to a classic risk-off squeeze, driving investors out of risk assets like Ethereum.

An Ethereum whale holding 167,855 ETH worth around $408 million moved 70,739 ETH valued at approximately $174 million to exchanges over two days, adding potential sell pressure at a critical technical level.