Ethereum price faces renewed downside pressure after a reported deposit by co-founder Jeffrey Wilcke to Kraken and simultaneous whale accumulation. Wilcke moved roughly $5.99 million in ETH to Kraken as ETH hovered near $3,950—often a precursor to selling—while 15 wallets, including Galaxy Digital, BitGo, and FalconX, bought 406,117 ETH (~$1.6 billion) during the dip.