#Ethereum’s recent correction is now putting real pressure on whales, as unrealized profits have turned negative across all major large holder groups, including wallets holding 1k to 10k ETH, 10k to 100k ETH, and even 100k+ ETH. What makes this situation interesting is that #ETH hasn’t even revisited its April low yet, meaning big holders are already sitting on paper losses before a full retest of major support.

If the price declines further, some whales could face stronger pressure to sell, which may increase volatility in the market. At the same time, periods where large holders are under stress have often coincided with medium term bottom formations, and for now ETH is still managing to hold its key levels.