Ethereum Holds $2,300 as Whales Pause Selloff
Date: 2025-03-04 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
Ethereum failed to break through the resistance at $2,500 and rolled back, but its price remains stable around $2,300. One of the key factors influencing the market is a change in the behavior of large investors, who previously actively sold ETH, but have now taken a break.
Large holders controlling from 10,000 to 100,000 ETH sold 640,000 ETH over the past week, worth $1.5 billion. This became one of the factors preventing the price from breaking through the $2,500 level. However, their activity has decreased over the past 24 hours, which may signal stabilization.
The pause in whale selling coincided with a consolidation in the Ethereum price, which could indicate a return of confidence among long-term investors. If large holders continue to hold on to their holdings, this could help reduce volatility and provide more support for the price.
The Liveliness indicator, which measures the activity of long-term ETH holders, also points to a slowdown in selling. When this indicator rises, it indicates coins entering the market, while its decline indicates accumulation. Liveliness has remained stable in recent days, confirming a decrease in selling pressure.
If the trend continues and the indicator begins to decline, this could signal further accumulation of ETH, which would strengthen positive expectations for the price increase.
Ethereum is holding support at $2,344. In case of further strengthening, the market could see the price recover to $2,549, which would be a key resistance level. If ETH manages to break through this level, a move to $2,654 and subsequent consolidation near $2,814 is possible.
However, if the $2,344 level fails, the price may roll back to $2,267, and if selling pressure increases, it may fall to $2,170. In this case, the positive forecast will be canceled, and the market will face an increase in bearish sentiment.
