ETH Faces Headwinds: Whales Grow Cautious as Data Dampens $4K Rally Hopes

Despite a recent 15% rebound from its lows, Ether (ETH) is facing significant headwinds that are making "whales" and other large investors uneasy. On-chain and derivatives data suggest a waning appetite for bullish positions, casting doubt on the cryptocurrency's ability to convincingly reclaim the $4,000 mark in the near term.