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Data shows Ethereum whales are draining ETH as the price drops below $ 4K

© Reuters

Ethereum is struggling to sell its richest investors as its native token Ether (ETH) suggests that further losses may be recorded in the near future.

Blockchain data analysis service Glassnode revealed that the number of Ethereum addresses with at least 1,000 ETH fell this Monday to 6,292, the lowest value since April 2017. At its annual high it was 7,239 in January.

Number of Ethereum addresses with a credit of at least 1,000 ETH. Source: GlassnodeNumber of the Ethereum addresses with a credit of at least 10,000 ETH. Source: GlassnodeNumber of the Ethereum addresses with a balance of at least 0.1 ETH. Source: Glassnode daily price chart with falling wedge. Source: TradingViewETH / USD daily price chart with falling wedge targets. Source: TradingViewETH / USD three-day price chart. Source: TradingView, Pentoshi

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