Ethereum whales throw away 500,000 ETH in 48 hours: On-Chain Data

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Ethereum is below the $1,900 level as sales pressure continues to rise. After losing $2,500 in critical support in late February, the Bulls struggled to regain control. What began as a minor pullback turned into a broader revision, becoming a disappointing investor who had anticipated a bullish 2025 for ETH.

Not regaining critical levels erodes market confidence and price action remains weak in both the short and medium-term time frames. The inability to maintain even a short recovery of Ethereum only reinforces the bearish sentiment that has grasped the crypto space in recent weeks.

In addition to the negative outlook, new data from Santiment reveals that whales have sold around 500,000 ETH in the last 48 hours. This large distribution by large owners underscores a clear lack of confidence among some of the most influential players in the market. This is a trend that weighs heavily on Ethereum’s short-term performance.

With ETH below $1,900, all eyes will be on whether the Bulls can defend the remaining levels of support, or whether they will continue selling from the whales and whether wider market uncertainty will lower prices further in the coming days.

Ethereum whales sell fuel for sale spray outlook

Ethereum has fallen 55% from its December high, and price action continues to reflect weaknesses in the broader market. Seller-offs are scathed and consistent, driven by macroeconomic uncertainty and increasing global instability. The latest wave of volatility was driven by President Donald Trump’s updated tariff threat and unpredictable policy direction. This has surprised financial markets and has moved capital away from high-risk assets.

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As a result, Ethereum, an important altcoin with deep connections with speculative emotions, has become one of the most challenging major cryptocurrencies. The Bulls struggle to hold support near the $1,800 level, and all attempts at the rally are filled with renewed sales pressure. Without a clear change in trends, ETH remains vulnerable to further downsides in the short term.

In addition to the bearish sentiment, top analyst Ali Martinez shared data showing that the whales have sold 500,000 ETH in the last 48 hours. This large distribution from this large wallet suggests that even experienced market participants are becoming increasingly cautious. Such activities tend to precede deeper corrections, especially when accompanied by weaker techniques and broader risk-off emotions.

Ethereum Whale sold 500,000 ETH in 48 hours Source: Ali Martinez from X
Ethereum Whale sold 500,000 ETH in 48 hours Source: Ali Martinez from X

Unless Ethereum recovers its main levels of resistance and shows signs of accumulation, current trends may continue to support sellers. As the market digests macro development, ETH owners are looking closely to show that the worst is over, but for now the pressure remains firmly on the downside.

Ethereum trades for $1,810 as the Bulls defend their vital support

Ethereum is trading at $1,810 after repeated attempts to regain the $1,900 level. Prices continue to face strong resistance, and bullish momentum has weakened significantly in recent weeks. The Bulls are currently in a critical position, with $1,800 emerging as the most important level of support in the current cycle. A critical failure below this mark can cause deeper corrections and potentially send ETH a zone as low as $1,550.

ETH Holds Over $1,800 | Source: TardingView's Ethusdt Chart
ETH Holds Over $1,800 | Source: TardingView’s Ethusdt Chart

The broader crypto market is under pressure, and Ethereum’s price action reflects that. The emotions were overwhelmed by macroeconomic headwinds and aggressive sales from whales, making it difficult for the bull to regain control. Still, if ETH can push steadily higher in future sessions, hope remains.

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A breakout above the $2,000 level can show a major change in momentum and cause a strong recovery rally. That level remains psychological and technical thresholds for potential trend reversals. Until then, Ethereum continues to walk the tightrope between integration and further downsides, and the Bulls will need to hold $1,800 at every cost to avoid cascade losses. The next few days are important in determining the short-term direction of ETH.

Dall-E special images, TradingView chart

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