Ethereum whales are feeling the pinch as their unrealized profits have entered negative territory with ETH testing critical support levels. Recent charts show a worrying head and shoulders pattern, which signals the possibility of a price breakdown to as low as $1,130. Investors are anxious to see if Ethereum can hold at these levels or fall further. This situation raises important questions about the resilience of ETH, especially in a market environment where large holders dictate price movements. Continuing volatility may challenge Ethereum’s stability as traders adjust to evolving conditions.