Ethereum Interest Falls Amid Institutional Sell-Off
Key Takeaways
- Retail interest in Ethereum (ETH) hits a low point
- U.S. government sells large amounts of ETH – 884.33 ETH worth USD 1.77 million
- ETH falls below key support level of USD 2,348.43
- Institutional investors also pulling back – over USD 400 million sold since early March
- Further price declines possible if selling pressure continues
Retail Investor Sentiment at Historic Low
The current market situation for Ethereum shows a clear cooling trend. Most notably, retail investor interest has dropped to levels last seen a year ago. Google Trends confirms this decline – search queries for Ethereum have fallen significantly. This is often an indicator that retail investors are pulling out of the market or have already sold.
U.S. Government Increases Selling Pressure
In the past 24 hours, the U.S. government sold 884.33 ETH – a volume of approximately USD 1.77 million. Sales by government entities are generally seen as a signal of waning confidence in the asset. According to Arkham Intelligence, the U.S. government still holds 59,965 ETH.
In the past, similar sales were often followed by short-term recoveries. For example, the sale of 299.95 ETH on August 5 or 177.89 ETH on October 24 each led to a drop to the support level of USD 2,348.43 before prices stabilized. This time, however, the ETH price is already below that level and forming lower lows – a sign of a continuing downward trend.
Coinbase Premium Index Signals Selling Wave
Another sign of negative sentiment comes from the Coinbase Premium Index. This measures the difference between the ETH price on Coinbase and other exchanges. A negative value indicates that U.S. traders are selling. The current value is -0.0016 – an early sign of increasing selling pressure from retail investors.
Institutional Investors Pulling Back
Large investors are also showing skepticism. Since early March, institutional investors have offloaded Ethereum worth USD 402.6 million. In total, these investors currently manage ETH worth approximately USD 8.83 billion. If this trend continues, the price could fall to the next target level of USD 1,754.
Technical Analysis: Support Levels Breaking
Technical chart analysis shows that Ethereum is trading below its previous support zone. The series of lower lows increases the risk of further losses. If the price fails to hold the USD 1,754 level, a further decline is likely. Previous catalysts for recovery do not appear to be working at the moment.
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Our Assessment
The current situation for Ethereum is tense. Both retail and institutional investors are losing confidence. Selling pressure is increasing, while former support levels are no longer holding. A short-term trend reversal is not in sight. Those looking to invest in ETH should monitor developments closely and carefully consider potential entry points. Stabilization is only likely once the market environment calms and interest – especially from retail investors – returns.
Sources
- Arkham Intelligence
- TradingView
- CryptoQuant
- Google Trends
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
|
| Further practical applications | |
| Price | $1,645.96 |
| 24h % | 3.09 % |
| 7d % | 1.36 % |
| 30d % | -17.22 % |
| 60d % | -39.71 % |
| 1y % | -48.23 % |
| Market Cap | $198,725,086,364.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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