Ethereum Faces Sell-Off Risk Amid Whale Activity
Key Takeaways
- Ethereum (ETH) is under selling pressure from large investors (“whales”).
- The movement of large ETH holdings to exchanges suggests an intention to sell.
- Liquidation risks on large positions could trigger a downward spiral.
- Strong resistance between USD 1,857 and USD 1,963 is limiting potential recoveries.
- Declining trading volume signals waning market interest.
Whales Put Pressure on ETH
In the past 24 hours, a large investor (“whale”) transferred 6,131 ETH worth approximately USD 10.94 million to the crypto exchange Binance. Such transfers often indicate an intent to sell. If other large holders follow suit, Ethereum’s price could come under further pressure.
Liquidation Risk for Large Positions
In addition to selling pressure from whales, there is a significant risk of liquidation. Two large positions on the decentralized lending platform Maker could be forcibly liquidated if ETH drops to USD 1,787.75 and USD 1,701.54 respectively. These positions total 125,603 ETH (roughly USD 229 million). Such a liquidation could spark panic and lead to further selling — a classic domino effect.
Large Traders Dominate Trading Volume
According to data from IntoTheBlock, traders who control between 0.1% and 1% of the total ETH supply executed transactions worth USD 1.87 billion over the past 24 hours. This activity was largely driven by sellers, which helps explain the recent 1.85% price decline.
Strong Resistance Ahead
Even if the market sees a short-term rebound, Ethereum faces significant resistance. Between USD 1,857.97 and USD 1,963.02, there are sell orders for approximately 7.89 million ETH spread across 5.82 million wallets. This zone may prevent further price increases or even trigger another downturn.
Falling Trading Volume Raises Concerns
Ethereum’s daily trading volume is on the decline. In the past 24 hours, only around 614,000 ETH changed hands. Combined with negative market sentiment, this suggests increasing willingness to sell. Many traders appear to be closing their positions to avoid further losses.
Our Assessment
Ethereum is currently under significant pressure. The combination of large investor sell-offs, looming liquidations, and technical resistance points to elevated downside risk. As long as trading volume remains unstable and no positive market catalysts emerge, the situation is likely to remain tense. Investors holding ETH should closely monitor levels around USD 1,700 — these could be key turning points. For newcomers, a wait-and-see approach is currently advisable.
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Sources
- Lookonchain
- IntoTheBlock
- Arkham Intelligence
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | $1,868.70 |
| 24h % | -0.66 % |
| 7d % | -9.70 % |
| 30d % | -21.68 % |
| 60d % | -43.06 % |
| 1y % | -44.53 % |
| Market Cap | $225,150,306,577.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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