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Ethereum Whale Dumping Continues, ETH/BTC Pair Hits Three Year Low

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ETH /BTC pair has also been heading lower hitting the lowest levels since 2021 .

ETH/Ethereum price is trading 1.96% down at $ 2,527.11 , with a market cap of $304 billion amid the Ethereum whale activity.

The recent whale dumping comes despite Vitalik Buterin sharing key updates taking place within the Ethereum ecosystem to boost the transaction speed and reduce gas fees.

Analyst Benjamin Cowen believes the low for this cycle will happen by the end of the year .