Ethereum (ETH) Price Prediction: Ethereum Whale Sell-Off Hits $360M as Market Shakeouts Push Price Toward Oversold Rally
The post Ethereum (ETH) Price Prediction: Ethereum Whale Sell-Off Hits $360M as Market Shakeouts Push Price Toward Oversold Rally appeared on BitcoinEthereumNews.com.
The Ethereum price today sits near $2,980—down more than 21% this month—as traders assess whether recent volatility marks the final stage of a broader correction or the precursor to a rebound. Based on chart observations using a four-hour and daily timeframe, short-term RSI readings below 40 and a descending price channel point to oversold conditions. While these factors may support a technical recovery, elevated futures open interest and ongoing liquidations continue to create uncertainty around the ETH price outlook. Whale Activity Signals Notable Outflows Ethereum is facing renewed selling pressure as on-chain data highlights a significant reduction in whale-held supply during December. According to blockchain analyst Ali Charts—known for tracking institutional wallet movements using Santiment and Glassnode data—wallets holding more than 100,000 ETH reduced their combined position from 5.73 million ETH in early October to 5.61 million ETH by December 20, 2025. The change represents a net decline of roughly 120,000 ETH—valued near $360 million based on Ethereum price levels at the time. Between October 9 and December 20, 2025, Ethereum whale holdings fell by 120,000 ETH (~$360M), reflecting potential short-term profit-taking amid ETH’s consolidation near $2,980. Source: Ali Martinez via X Ali Charts described the sell-off as an important shift in market structure, though he cautioned that the trend did not occur in a single week, as some social posts suggested. The drop unfolded gradually. “It underscores how difficult it is for large holders to offload positions without moving the market,” the analyst noted. This reduction comes as the current ETH price trades near $2,980, down around 21% over the past month. Based on exchange netflow dashboards reviewed alongside price charts, the ETH market remains under pressure amid reduced spot demand, higher funding rates, and cautious macroeconomic sentiment. Market Shakeouts Leave Traders Struggling for Direction Retail traders and long-term…
Filed under: News - @ December 21, 2025 8:21 pm