Ethereum News: Whales and Smart DEX Traders Accumulate as Market Shows Positive Netflow

Recent market activity in Ethereum has shown a positive shift, with whales and smart DEX traders actively accumulating the cryptocurrency. Here’s a closer look at what’s happening in the Ethereum market.

Ethereum Market Split: Whales and Smart DEX Traders Accumulating

Ethereum’s total netflow experienced a positive shift in the last 24 hours, with whales and smart DEX traders emerging as net buyers. Whales recorded a buy volume of $6,942,812, exceeding their sell volume of $5,922,136, while smart DEX traders had a buy volume of $2,803,388 against a sell volume of $1,957,518. These movements reflected institutional and experienced trader confidence in ETH’s future price.

Ethereum Tests Critical MVRV Levels

Ethereum (ETH) has officially lost the $2,000 mark, trading below this key level for the first time since 2023 and reaching its lowest point since October 2023. The price plummeted as low as $1,750, marking a dramatic drop from its December 2024 high of $4,100. This staggering 57% decline has created a difficult environment for bulls, as Ethereum struggles to find stability amid growing selling pressure. The broader crypto market downturn, driven by macroeconomic uncertainty and risk-off sentiment, has left ETH in a vulnerable position. The sharp decline in Ethereum’s value has intensified bearish sentiment, making it one of the worst-performing major altcoins over the past few months.

Dormant Ethereum Whale Awakens, Moves $13M in ETH to Kraken

Amid market turbulence, a dormant Ethereum whale has reemerged, transferring 7,000 ETH worth $13.8M to Kraken. This move occurred as ETH plunged below the $2,000 mark, erasing $46 billion in market value within a week. With a 10.64% weekly decline, ETH is currently the weakest performer among high-caps. However, with the RSI in oversold territory and trading volume surging 47%, some traders view this as a potential ’dip-buying’ opportunity.

Ethereum Foundation’s 30,000 ETH Liquidation Risk Alleged

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has seen a significant drop in value, marking a 53% decline from its mid-December high. A recent on-chain development has raised alarms about a potential liquidation risk for the Ethereum Foundation (EF), with a wallet suspected to be theirs depositing 30,098 ETH to Maker to lower the liquidation price.