Major players dump Ethereum by $2.5 billion: what awaits the ETH price next
Date: 2025-06-30 Author: Henry Casey Categories: CRYPTO PAYMENTS
This week, Ethereum quotes demonstrated rare stability, coming out of a protracted three-week decline and moving into a consolidation stage. Despite the fact that several large asset holders got rid of significant volumes of ETH, the price of the altcoin remains in a stable corridor.
In two days, wallets controlling from 1 to 10 million ETH dumped over 1 million coins, equivalent to $2.57 billion. Usually, such operations by whales cause a chain reaction and pressure on the price, but this time the market is showing resilience. According to analysts, this is due to the presence of a strong demand zone.
IOMAP analysis data shows that there is a significant volume of coins concentrated between the $2,349 and $2,421 levels - more than 65 million ETH were purchased here. This concentration of buyers creates a safety cushion: asset owners are in no hurry to sell at a loss and are ready to hold their positions. As a result, a significant drop below the $2,344 mark looks unlikely at the moment, since this would require a significant increase in selling pressure.
At the time of publication, the ETH price was fluctuating around $2,424, meeting resistance near $2,476. The movement in the horizontal corridor helped the altcoin stop the previous decline and form a base for possible growth. If Ethereum manages to overcome the important barrier of $2,476 and consolidate above it, the next target level will be the $2,606 area, which may increase interest from new investors.
In the meantime, there is still a possibility that ETH will continue to fluctuate in the range of $2,344 – $2,476. If the market sentiment worsens, a pullback to $2,205 is possible. In this case, closing below $2,344 will cancel current growth expectations and open the way for further pressure from sellers.
Despite the activity of large participants, the general mood among ETH holders looks reserved. So far, the altcoin has not shown a sharp rebound, but there has been no significant fall either. This suggests that the market continues to accumulate volumes and prepare for the next movement, the direction of which depends on whether the price can consolidate above the key resistance or return to the downward channel again.
For those who want to follow the updates and communicate with other investors, there is still an opportunity to join the BIC community on Telegram - here you can get help from experts and look at the market through the eyes of experienced analysts.
