Ethereum has been one of the cryptocurrencies to maintain a reasonably high level even through multiple price crashes in the market. However, it seems like the altcoin will not be able to hold as it has done in the past with a dreaded bearish signal resurfacing to threaten the asset’s price.

Ethereum Addresses Holding More Than 1,000 Coins Fall

Over the last few years, the Ethereum whales have fervently held on to their coins. The large holders were some of the most convinced when it comes to the altcoin, with the number of wallets holding more than 1,000 coins maintaining above 2018 lows. However, the support has broken as conviction has declined.

Glassnode reported on Wednesday, September 20, that the number of ETH addresses holding more than 1,000 coins has finally fallen to 6,082. …