Cryptocurrency

Whale sells 262,000 Ethereum in recent price increases – smart exit or profitable?

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Ethereum currently has trading above $1,800, but continues to struggle while returning to higher levels. After a modest recovery in recent weeks, ETH (and the broader cryptocurrency market) is facing a critical area of ​​resistance that could trigger breakthrough rally or lead to deeper consolidation. The Bulls must break through the $1,850-$2,000 region to confirm the renewed momentum, but the macroeconomic headwinds make the task even more difficult.

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U.S. – The continued uncertainty of China’s trade tensions and the global economic slowdown continue to weigh on investors’ sentiment. Although risky assets show signs of resilience, the environment remains sensitive to geopolitical development. In this case, large holders seem to be taking a cautious approach.

According to CryptoQuant, whales took advantage of Ethereum’s recent price increase, uninstalling 262,000 ETH (about $445 million) in the past few days. This huge sales wave suggests that profit activity of major players may temporarily limit overhead potential. If the market cannot effectively absorb that supply, further pressure may occur.

Ethereum is at the intersection when whale activity triggers caution

Ethereum lost more than 55% of its value from its December highs and therefore continued to struggle to retract its bullish momentum. Despite recent attempts to recover, ETH remains under pressure, trading below key resistance levels, keeping the broader market cautious. Ethereum is currently hovering above $1,800 and is testing a critical area that can shape its short-term trajectory.

At the lower time frame, ETH began to form a more constructive structure, which suggests that momentum might be being built. The Bulls aim to reclaim key supply zones between $1,850 and $2,000, which will mark a shift in market dynamics. However, sales pressure is still vague. Analysts are watching closely to see if Ethereum can maintain higher lows and push higher towards breakout levels.

However, not everyone believes in a bullish continuation. Top analyst Ali Martinez recently shared data showing that whales sold about 262,000 ETH (sold at nearly $445 million), and these currency rates are the latest price increase. This sell-off means that larger players may be preparing for increased volatility or potential callbacks, which could stall any short-term rally attempts.

Ethereum Balance By Holder Value | Source: Ali Martinez on X
Ethereum Balance By Holder Value | Source: Ali Martinez on X

If Ethereum fails to surpass immediate resistance and absorb sustained sales pressure, it may reduce the lower demand zones in the lower demand zone. Currently, holding the above $1,750 is crucial to keeping the bullish situation. Due to macroeconomic uncertainty and market hesitation across the market, Ethereum is still in a delicate balance, either for a major breakthrough or a newer correction.

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Ethereum price test continues patience

Ethereum is currently trading at $1,810, trapped in a narrow band between $1,850 and $1,750. This tight integration has been going on for several days, and the market is now waiting for a decisive breakthrough to set the tone for the next major move. The Bulls must return to higher levels to confirm the breakthrough and verify the recent start of momentum shift that began earlier this month.

ETH holds the above key levels | Source: Ethusdt chart on TradingView
ETH holds the above key levels | Source: Ethusdt chart on TradingView

The $1,850 resistance limits recent attempts to move higher, and every rejection near this level adds pressure. A confirmed breakout above this level could trigger increased buying activity, pushing ETH into a critical $2,000-2,100 supply zone. The range remains a key area for the Bulls to build strong upward trends and broader sentiment.

However, the risk of rejection remains. If ETH fails to exceed $1,850 or maintains a false pathway, a correction is expected to be made to the lower end of the range. Decisive failures below $1,750 may trigger a deeper backtrack with target support close to $1,600 or less.

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With macroeconomic uncertainty still in play, Ethereum’s next move could set the tone for the broader altcoin market in the coming weeks. Patience is thinning – Volatility is coming.

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