Whales Sold Ethereum for Billions: What Will Happen Next to the Price?
Date: 2025-04-17 Author: Henry Casey Categories: CRYPTO PAYMENTS
Amid ongoing pressure on the Ethereum market, the cryptocurrency price has been fluctuating around $1,700 for several days, without showing any significant attempts to grow. Despite rare bursts of activity, the asset has not been able to overcome key resistance and gain strength for a confident recovery.
The behavior of the so-called whales — large holders of Ethereum — is particularly alarming. Over the past three days, addresses storing from 100,000 to 1 million ETH have sold a total of about 1.19 million coins. The market value of these sales has exceeded $1.8 billion. Such actions can be interpreted as an attempt to minimize risks and avoid losses amid declining price dynamics.
Such whale selling volumes indicate a decline in confidence in the short-term outlook for Ethereum. Their actions may be related to ETH’s inability to hold above $1,700 and the continued decline in retail investor interest.
An additional negative factor is the behavior of the MVRV Long/Short Difference indicator, which is currently at -29%. This suggests that long-term investors are barely making any profits, while short-term players are looking to lock in profits quickly, causing additional volatility and increasing downward pressure.
At the time of writing, ETH is trading at $1,580. Although the altcoin is currently holding support at $1,533, the overall situation remains unstable. If the market continues to show weakness, there is a risk of a drop to $1,429. Without a strong influx of new investors or positive news, the asset may not hold.
On the other hand, if Ethereum manages to consolidate above $1,625, there will be a chance to retest the $1,700 level. Overcoming this mark will signal a possible trend reversal and create conditions for further growth up to $1,745, which can weaken the current bearish sentiment.
Thus, the coming days will be decisive for ETH: the asset will either break through key resistances and begin recovery, or continue to fall under pressure from large sellers and negative market dynamics.
