Analysis: Ethereum may face a sharp correction as whales take profits

On March 20th, it was reported that ETH has dropped nearly 20% from its previous high, erasing recent gains. On-chain data shows that in the past four days, three large Ethereum wallet investors have taken profits from their holdings, with three Ethereum whales selling 26,946 ETH, worth $95.7 million, and making a profit of $39 million. Analysts say that due to the whales' profit-taking, Ethereum may face a significant adjustment.