Ethereum (ETH) continues to face challenges, having experienced a significant 7% price increase on Wednesday followed by nearly a 4% pullback. As of March 21, ETH trades at $1,985 amidst speculation surrounding a big whale buying $242 million worth of Ether.

This substantial purchase raises questions about potential market reactions. The impact of whale movements can be quite profound, often indicating bullish trends if followed by increased market confidence.

As investors analyze these developments, the focus remains on whether this whale action will dictate Ethereum’s pricing in the coming days. A keen eye on price movements is crucial as the situation unfolds.