Whale deposits worth $93.66 million hit exchanges, coinciding with overheated futures and bearish momentum. But with 92% of ETH wallets still in profit, the real question is—will support at $3,458 hold or crack?

Ethereum [ETH] whales have sparked panic after dumping 26,182 ETH worth $93.66 million to exchanges in just 48 hours.

Each transfer ranged from 1,000 to 2,000 ETH, flooding centralized platforms