The post Ethereum Faces Whale Selling but May Consolidate Near Key Support Ahead of Potential Breakout appeared on BitcoinEthereumNews.com.

Ethereum has demonstrated remarkable resilience by withstanding over $2.5 billion in whale selling, maintaining price stability through robust investor support between $2,344 and $2,421. Despite bearish pressures, Ethereum’s price is consolidating near the $2,424 level, positioning itself for a potential breakout if it can convert the $2,476 resistance into a new support level. According to COINOTAG sources, the demand zone formed by 65.83 million ETH creates a strong cushion, significantly reducing the likelihood of a price drop below $2,344 unless broader market conditions deteriorate sharply. Ethereum withstands $2.5B whale selling, consolidates near $2,424 with strong support between $2,344-$2,421, setting up potential breakout above $2,476 resistance. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); Ethereum Whales Move To Sell Amid Market Uncertainty Recent data reveals that large Ethereum holders, often referred to as whales, have begun liquidating significant portions of their holdings. In the past 48 hours, addresses controlling between 1 million and 10 million ETH offloaded over 1.06 million ETH, equivalent to roughly $2.57 billion. This wave of selling typically signals bearish sentiment and can exert downward pressure on price movements. However, Ethereum’s price stability in the face of such substantial selling indicates a resilient market structure. The ability of ETH to hold firm despite this pressure suggests that underlying demand remains strong, supported by investors who acquired their positions within a critical price range. ‘, ‘ 🔒 Secure…

---

Filed under: News - @ June 28, 2025 5:23 pm