Ethereum Price Risks $2,500 Breakdown as Whale Demand Dips
The post Ethereum Price Risks $2,500 Breakdown as Whale Demand Dips appeared on BitcoinEthereumNews.com.
Ethereum price consolidated around the $2,700 for the better part of the past week, as bullish and bearish catalyst counteracted. On-chain data shows a $16 billion decline in ETH whale transaction volumes could title momentum in favor of the bears. Ethereum (ETH) Flatlines at $2,700 as Bulls and Bears Lock Horns Ethereum (ETH) price has displayed an unusually flat performance this week as bullish and bearish market signals counteracted each other. On the bearish side, weakening whale demand and persistent macroeconomic uncertainties have weighed on ETH’s upside potential. The latest on-chain data from IntoTheBlock indicates that institutional participation has significantly waned over the past two weeks, reducing the likelihood of sustained upward momentum. Ethereum Price Action (ETHUSD) Conversely, ETH price action has remained resilient amid broader crypto market consolidation. While Bitcoin’s dominance continues to suppress Ethereum’s relative strength, optimism surrounding future ETF approvals for altcoins has helped maintain ETH within its current range. Additionally, major ETH staking platforms have continued to see inflows, suggesting that long-term holders remain confident despite short-term volatility. According to market data, Ethereum (ETH) has remained within a tight trading range, opening the week at $2,693 and currently trading at $2,701 as of February 15. This marginal 0.3% movement underscores a neutral market stance, with traders awaiting a definitive catalyst to dictate ETH’s next directional move. With dwindling whale activity and a precarious technical setup, Ethereum could soon be at risk of a breakdown below $2,500 if selling pressure intensifies. Ethereum Whale Demand Plunges $16B in Two Weeks While spot market sentiment remains neutral, ETH on-chain transaction patterns suggest potential downside risks ahead. The latest data from IntoTheBlock’s Large Transaction Volume metric reveals a significant drop in high-value ETH transfers over the past two weeks, signaling reduced interest from institutional investors and large holders. Ethereum Large…
Filed under: News - @ February 16, 2025 1:08 am