$ETH hasn't fallen enough for the next round, and right now, this huge whale is in the middle of the market, indicating that the decline isn't over yet.
Wall Street traders are mainly targeting the large-scale liquidation position at $1700 on Ethereum, aiming to manipulate the market and trigger a cascade of sell-offs. This strategic move is designed to shake out weak hands and accumulate more ETH at lower prices, potentially leading to a significant price drop. Investors should be cautious and monitor these large trades to avoid being caught in the volatility caused by such market manipulations.