The main fluctuations on the Ethereum market (ETH) yesterday caused a wave of reaction on social media, and one co-founder of Ethereum claimed that some enormous owners-lub “whales”-in mind reduced the price of assets down.

The activity reached the height of the fever on Monday, February 4, when the ETH price dropped from around USD 2900 to just USD 2120, before it reflected. Despite the endocrine immersion, Ether finally closed the day when he had a 26% green wick – in such a miniature window.

Price Ethereum manipulated by whales?

Analysts attributed a dramatic movement to the external macroeconomic forces, especially the trade war in the US under President Donald Trump. After applying the tariffs to Mexico and Canada at the beginning of the day, the president determined the arrangements that stimulated the rapid recovery on global markets, including cryptocurrency.

Turbulence led one observer, simply identified as a “intern” (@intern), the director of growth in Monada, to publish a raw mood on X: “Eth dies right in front of us. To be honest, I never thought it would happen. “

IN answerCo -founder Ethereum and Conszensys CEO, Joseph Lubin, offered a composed perspective, emphasizing that such price fluctuations are not unusual for the digital resource: “This happens regularly. Then it grows. What we see are whales using the economic confusion and negative sentiments to shake weak hands, stops, and then redeem when they can start the same textbook the other way around. “

Lubin’s statement presents a cyclical understanding of cryptocurrency variability, which suggests that larger players utilize market anxiety – often exacerbated by macro achievements – in order to make pressure on less resistant investors in sales.

Several outstanding cryptographic traders also commented on events, especially about accusations of manipulation of whales.

One known number, Hsaka (@Hsakatrades), advised novices so that they would not assume that the decrease in ETH was driven only by the sentiments of the ecological market: “Dear Noobs, Ethereum does not disappear naturally. It is moved by whales, placing orders for the sale of fakes on the stock exchanges so that Noobs and risk managers sell themselves to “buy back below”. They steal your bags and make you buy back at a higher price. “

The concept of a coordinated “falsification” strategy – where enormous sales orders are placed and then canceled or only partially completed – long -distributed in cryptocurrency communities. Apparently, the tactics aim to cause panic selling, thus allowing so -called whales of accumulated items at more favorable price levels.

The outstanding Pentoshi trader (@pentosh1) offered a miniature but pointed reaction, emphasizing how ETH has achieved worse results in relation to Bitcoins (BTC) in the last three years: “3 -year shock so far. I hope you are right. “
The question is why whales would distinguish the ether, was raised by a member of the Evmaverick392.eth community (@Evmaverick392): “Maybe I sound naive, but why whales do this maneuver only on the ether?”

Lubin replied, attracting in parallel to conventional banking attacks and suggesting that the last wave of anxiety surrounding the Ethereum ecosystem has made resources the main purpose: “Why are bank robbers do banks – or accustomed? (Unjustified) FUD towards the Ethereum ecosystem is currently the most clear. “

During the press, ETH traded at USD 2704.

A distinguished painting created from Dall.e, chart from tradingview.com