ETH Drops Below Key Support as Whale Sells Holdings to Pay Debt

• A whale sold 12,048 ETH to repay debt, making over $2 million.
• The whale had previously bought 12,047 ETH from Binance when the price was around $1,768.
• The whale went long on ETH by depositing ETH to Aave and Compound.
• The sale caused ETH's price to drop below the $1,945 support level.
• ETH dropped 2.26% over the past 24 hours and was changing hands at $1,932.55 at press time.
• ETH has been experiencing a downward trend, down 5.94% on the weekly timeframe.
• If ETH closes a daily candle above $1,945 in the next 48 hours, it could rise to $2,065 and potentially $2,300.
• The MACD line crossed below the MACD Signal line, indicating a growing bearish trend.

The sentiment of the article is mostly negative, as it highlights the whale's sale causing a price drop and the bearish trend of ETH.