$725 Million in Ethereum (ETH) Just Left Whale Wallets: The Timing Is Suspicious

Ethereum (ETH) price trades at $2,132 on May 22, holding flat after a small rebound off recent lows. The action masks a deeper split between two on-chain cohorts pulling in opposite directions. The price chart, whale supply data, and conviction holder behavior each tell different stories. Resolving the conflict points to one of two outcomes