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Ethereum Price Struggles After Metalpha's $90M ETH Sale

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Summary
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66% Informative

Metalpha , a Hong Kong -based crypto management company, has sold nearly 7,000 ETH worth $16 million .

This is the third consecutive day that the Metalpha sold ETH .

This sale has reduced the crypto giant’s holdings to 1.9 K ETH.

ETH price has suffered a setback since 2024 and has underperformed relative to top altcoins.

The lack of buying pressure and yearly VWAP's lower limit of $ 2,417 pose headwinds.