Ethereum Faces Whale Sell Pressure as Price Holds Crucial Support
The post Ethereum Faces Whale Sell Pressure as Price Holds Crucial Support appeared on BitcoinEthereumNews.com.
Ethereum whale selling intensified sell pressure on ETH, with over 28,500 ETH liquidated worth more than $83 million in a short period, yet price held above key support at $2,882, indicating market absorption amid volatility. Whale transactions: A Lido Finance-linked wallet sold 14,585 ETH in one hour, valued at $42.7 million. Two additional whales offloaded 14,000 ETH through DEXs and CEXs, adding to the supply flood. ETH price consolidated near $2,957, with RSI at 36.76 and liquidity clustered above $3,000 on heatmaps. Ethereum faces whale-driven sell-off as large holders dump 28,500 ETH, but support holds. Discover if ETH can rebound or risks further decline in this analysis. Stay informed on crypto market dynamics today. What is causing the recent Ethereum whale selling pressure? Ethereum whale selling pressure has surged due to aggressive distribution by large holders, including a prominent wallet linked to Lido Finance’s founding member, offloading substantial ETH volumes. This activity flooded the market with over 28,500 ETH worth approximately $83.5 million within hours, testing liquidity and price stability. Despite the influx, ETH price action showed resilience by maintaining above critical support levels, suggesting buyers stepped in to absorb the supply without immediate panic. How is ETH price responding to this whale activity? The ETH price response to whale selling remains cautious but controlled, trading near $2,957 after a recent dip. On-chain data highlights concentrated sales, such as 14,585 ETH sold in one hour by a key stakeholder, alongside 10,000 ETH via decentralized exchanges and 4,000 ETH on centralized platforms. This pushed total sell volume to significant levels, yet ETH held between the 50% and 61% Fibonacci retracement zones, a common area for price bounces. According to liquidation heatmaps from CoinGlass, liquidity pools above $3,000 could attract price upward if momentum shifts, but RSI readings at 36.76 indicate subdued…
Filed under: News - @ December 17, 2025 9:30 am