The post Did Ethereum Price Avert A Full-Blown Crash? appeared on BitcoinEthereumNews.com.

As the markets saw recovery over the past day, so has Ethereum price, climbing over $1500. However, not long ago, ETH underwent intense bearish pressure that brought it near its crucial $1,200 support. While it has since seen recovery, the top altcoin price decline was due to whale-led market selloff along with declining funds from Ethereum ETFs and general economic conditions. Market experts recognize the $1,200 support area as a major point of interest. A deeper price rejection is possible if Ethereum cannot maintain positions above this critical area. Whale Sell-Offs Add to Ethereum’s Downward Pressure Whale activity played a significant role in Ethereum’s recent decline. According to LookOnChain, the World Liberty Financial Trust (WLFI), linked to Donald Trump, liquidated 5,471 ETH at an average price of $1,465, totaling $8.01 million. This large sell-off added to bearish market sentiment. Additionally, a dormant whale sold 500 ETH after nearly two years of inactivity, realizing a loss of $166,000. These moves injected significant liquidity into the market, intensifying the downward pressure on Ethereum price. Source: @lookonchain | X Additionally, Ali Martinez noted that aggressive whale sell-offs have worsened the market’s downward momentum. Large liquidations, especially at lower price levels, have made it harder for Ethereum to maintain upward momentum. As ETH price approaches the $1,200 support zone, these sell-offs increase the chances of testing deeper levels before any potential recovery. Source: Ali Martinez, X Ethereum ETFs Continue to Experience Outflows Additionally, another factor keeping Ethereum price under pressure is the outflow from Ethereum-based investment products. Data revealed that Ethereum Spot ETFs declined in the same week with an outflow of $3.29 million, mostly contributed by Fidelity. This marks the sixth consecutive week of outflows, signaling decreased institutional interest in Ethereum. Consequently, the outflows have added selling pressure, further weakening Ethereum’s support at…

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Filed under: News - @ April 10, 2025 5:27 pm