Key Notes

Ethereum (ETH) slid nearly 6% to $4,260 as whales and traders booked profits near $4,700.

Whale 0x89Da closed a $93.5M ETH long at a loss, then re-entered with a fresh $65.6M position.

The NFT market lost $1.2B in a week as ETH’s dip dragged prices lower, with key support at $4,200.

Ethereum ETH $4 352 24h volatility: 4.1% Market cap: $525.15 B Vol. 24h: $42.26 B slumped nearly 6% on Thursday, trading around $4,260 at press time as major whales and traders rushed to book profits after an aggressive rally that had briefly pushed prices toward $4,700.

The sell-off sparked volatility across the broader market, with Ethereum-based NFTs also taking a sharp hit.

Whales Exit, Then Re-Enter

Blockchain tracker Lookonchain flagged a string of whale mo

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