Ethereum Price Rises Sharply Above $2,300 After Retail Investors Unload Their Holdings
The post Ethereum Price Rises Sharply Above $2,300 After Retail Investors Unload Their Holdings appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After several months of bearish price performance, Ethereum is finally shifting toward positive territory, recording significant gains due to a recent bullish market condition. Interestingly, this surge comes following heightened selling pressure as many investors were observed dumping their ETH holdings. Retailers Dump Before Ethereum’s Surge In a surprising market move, Ethereum has jumped above $2,300 for the first time in over six weeks, coinciding with the apparent sell-off of retail investors’ holdings. Leading market intelligence and on-chain data platform Santiment reported the counterintuitive market move in a recent post on the X (formerly Twitter) platform. On-chain data shows a surge in outflows from retail investors, who appear to have lost faith in ETH’s potential in light of previous price fluctuations. This negative behaviour from retail investors would typically trigger bearish pressure for ETH. However, it seems to have removed overhead barriers and created room for big investors to buy, causing a sustained rally for the altcoin. Such a trend underscores the disparity between retail and big investors, which could play a crucial role in shaping the next phase of Ethereum’s market dynamics. According to the platform, the move is a textbook example of how Ethereum pays to be a contrarian against the retail crowd. Santiment highlighted that many retail holders sold their holdings due to poor price performance following the Ethereum network‘s Pectra Upgrade that occurred on Wednesday. Retailers dumping ETH before surge | Source: Santiment on X During the period, these investors were seen instructing others to offload their ETH holdings in favor of various meme coins. However, it turns out that the altcoin had other intentions after the Fear, Uncertainty, and Doubt (FUD) from the retail crowd. Santiment highlighted that Ethereum’s surge above the…
Filed under: News - @ May 9, 2025 7:28 pm