Is the whales throw 760,000 Ethereum in two weeks – is it more sold in advance?

by Barry Solano
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Ethereum continues to cope with solid winds because it is negotiated below the $ 1,900 bar, with an upper momentum and an increasingly frightening market feeling. After a brief attempted stabilization, ETH has resumed its decline, now down more than 35% since the end of February. Price action remains low and investors are preparing for a more potential drop because the sales pressure shows no signs of relaxation.

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Contributing to the lower perspectives, the data on the Santiment chain reveal that the whales have unloaded around 760,000 ETH in the past two weeks. This large sale by major holders adds weight to increasing concerns that the market could enter a deeper correction phase. When the whales come out in size, it often reflects confidence to decrease and trigger a wave of additional sales of small investors.

With the macroeconomic uncertainty that always shakes the financial markets and the main levels of support of Ethereum threatened, the prospects of the ETH remain fragile. The bulls must act quickly to recover the momentum and prevent a slide in lower demand zones. Until then, the combination of the request for discoloration, technical weakness and aggressive sales of the continuous whales from nailed Ethereum’s short -term pathLeaving the traders on the edge as the following movement takes place.

Ethereum Whale Sell Grows and market confidence fades

Ethereum continues to show sustained signs of sales pressure, and the wider market begins to accept that the current decreased trend may persist. ETH trading below key resistance levels and difficulty maintaining more than $ 1,900, confidence between traders and investors weakens. Macroeconomic uncertainty, fueled by the increase in global tensions, unstable interest rate expectations and unpredictable political movements, has shook the financial markets. High -risk assets like Ethereum take the hardest shots, with volatility amplifying each movement.

Despite weakness, there is still a light of optimism through the market. Some investors believe that Ethereum could set up an aggressive recovery, especially if wider conditions stabilize or if ETH finds strong support for current levels. However, this optimism is starting to fade in the face of a bad price action and data on the chain.

Top Analyst Ali Martinez shared ideas on Xrevealing that the whales have sold around 760,000 ETH in the past two weeks. This significant unloading by major holders adds to the current pressure in progress and suggests that confidence between the big players is decreasing. Whale movements are closely monitored, as they often precede or confirm wider market trends.

Ethereum Whales sold 760,000 ETH in two weeks | Source: Ali Martinez on X
Ethereum Whales sold 760,000 ETH in two weeks | Source: Ali Martinez on x

However, the markets are dynamic and this trend could change quickly. If Ethereum can have key support areas and macroeconomic conditions are starting to calm down, the same major players who are currently selling can reintegrate the market in anticipation of the next rally. For the moment, however, Ethereum remains in a fragile state, with a continuous sale and a careful feeling likely to dominate the short -term perspectives. Bulls must intervene soon to move the trend – or risk looking at ETH slide further in the coming weeks.

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Bulls find it difficult to recover the key levels

Ethereum is currently negotiated at $ 1,880 after several days of low price action, captured in a tight range between $ 2,000 in resistance and support of $ 1,750. Despite several attempts, the bulls failed to recover the critical area from $ 2,000 to $ 2,200 – a level that would signal the force and potentially mark the start of a wider recovery phase. Instead, ETH remains trapped in a downward trend, with Momentum continuing to promote bears.

ETH has trouble recovering higher prices | Source: Ethusdt table on tradingView
ETH has trouble recovering higher prices | Source: Ethusdt Thagne on tradingView

The inability to push higher is to put bulls in a vulnerable position. Ethereum now oscillates just below the level of $ 1,900, the next few days are crucial. If the ETH does not hold above this brand and cannot break over $ 2,000 with conviction, a clear drop is likely. Such a decision could lead to a retaining of $ 1,700 lower or even more deeply, especially if the broader feeling of the market remains negative.

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While macroeconomic instability and the uncertainty of the market persist, investors become prudent and appetite risks continuous to fade. For Ethereum to avoid a deeper sale, the bulls must intervene quickly, recover the land lost and restore the higher confidence in the $ 2,000 level. Until then, the path of the slightest resistance seems to be downward.

Dall-e star image, tradingview graphic

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