Ethereum’s monthly drop hits 23 percent and whales plunge into losses! What does this mean for $ETH?

🚨 Tether has overtaken $ETH in total market capitalization for the first time ever.
📉 June saw Ethereum tumble by over 23 percent, dropping to $1,557 amid heavy losses for whale investors.
💬 CryptoQuant analytics show that all major ETH holders are now in unrealized losses, echoing 2019 lows.
🔍 Pressure mounts as spot ETF outflows persist and core development funding needs urgent solutions.

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