PANews reported on May 20th that analyst Ali Charts published an article on the X platform stating that Ethereum whales appear to be exiting the network. Over the past two months, approximately 60 whale addresses holding 10,000 ETH or more have completely liquidated or consolidated their positions. When independent entities holding millions of dollars in positions exit the network in such a short period, it typically signals institutional profit-taking and asset transfers. These large holders are using recent liquidity to mitigate risk, reflecting a clear lack of medium-term confidence. The decrease in the number of whales perfectly aligns with the recent trend of large inflows into exchanges. Data shows that the path of least resistance remains downward in the short term, therefore, the $2,000 support level for Ethereum needs to be monitored.