A significant Ethereum whale has sold 45,000 ETH, valued at $208 million, over a two-day period, contributing to a 5% intraday price decline. The average selling price was $4,612, and the whale retains 70,785 ETH across four wallets. Currently, Ethereum is trading at $4,490, marking a 4.7% decrease in the past 24 hours, with trading volume surging 26.6% to $57.16 billion. Technical analysis indicates a potential further decline of 12% to $3,860 if the $4,430 support level fails. Additionally, on-chain data reveals a significant drop in active Ethereum addresses, suggesting a decrease in network adoption.