Ethereum Whales Dump 262K ETH as Prices Spike – Strategic Exit or Just Cashing Out?
Crypto’s big players just made their move—and it’s a loud one. While retail traders cheer Ethereum’s latest rally, whales quietly offloaded enough ETH to buy a small island. Was this a masterclass in timing, or just another case of ’buy the rumor, sell the news’?
Behind the sell-off: On-chain data shows multiple nine-figure transactions hitting exchanges during the price surge. Some wallets held their ETH since the 2022 lows—meaning they’re locking in 300%+ gains. Others? Just another Tuesday in casino economics.
The irony? This sell pressure arrives as institutional investors finally warm up to ETH ETFs. Nothing says ’traditional finance’ like buying the top after the smart money exits. The blockchain never forgets—but Wall Street never learns.
Ethereum at a Crossroads As Whale Activity Sparks Caution
Ethereum continues to struggle in reclaiming bullish momentum after losing over 55% of its value from the December highs. Despite recent attempts at recovery, ETH remains under pressure and trades below critical resistance levels, keeping the broader market cautious. Currently hovering just above the $1,800 mark, Ethereum is testing a pivotal zone that could shape its short-term trajectory.
On lower time frames, ETH is beginning to form a more constructive structure, suggesting that bullish momentum may be building. Bulls are aiming to reclaim key supply zones between $1,850 and $2,000, a move that would mark a shift in market dynamics. However, heavy selling pressure still looms. Analysts are watching closely to see if Ethereum can sustain higher lows and push toward breakout levels.
Yet, not everyone is convinced of a bullish continuation. Top analyst Ali Martinez recently shared data showing that whales sold approximately 262,000 ETH—worth nearly $445 million—during the latest price surge. This selloff implies that larger players may be preparing for increased volatility or a potential pullback, which could stall any short-term rally attempts.
If Ethereum fails to push above immediate resistance and absorb ongoing selling pressure, it risks falling back into lower demand zones between $1,500 and $1,600. For now, holding above $1,750 is essential to keep the bullish scenario alive. With macroeconomic uncertainty and market-wide indecision still in play, Ethereum remains in a delicate balance—poised either for a significant breakout or a renewed correction.
Ethereum Price Tests Patience as Tight Range Persists
Ethereum is currently trading at $1,810, caught in a narrow band between $1,850 and $1,750. This tight consolidation has lasted for several days, and the market is now awaiting a decisive breakout to set the tone for the next major move. Bulls must reclaim higher levels to confirm a breakout and validate the recent momentum shift that began earlier this month.
The $1,850 resistance has capped recent attempts to move higher, and each rejection NEAR this level adds pressure. A confirmed breakout above this level would likely trigger increased buying activity, pushing ETH toward the critical $2,000–$2,100 supply zone. This range remains the key area for bulls to reclaim in order to establish a strong uptrend and shift broader sentiment.
However, the risk of rejection remains. If ETH fails to break above $1,850 or sustains a fakeout, a correction toward the lower end of the range is expected. A decisive breakdown below $1,750 could trigger a deeper retrace, targeting support near $1,600 or lower.
With macroeconomic uncertainty still in play, Ethereum’s next move will likely set the tone for the broader altcoin market in the weeks ahead. Patience is running thin—volatility is coming.
