The post Ethereum Whales Cashing Another Price Dip Coming? appeared on BitcoinEthereumNews.com.

Ethereum (ETH) price may be in trouble considering the worrisome signs observed from its ongoing market activity. A large whale sold 1,160 ETH, which they had bought eleven months earlier for $3,816 each at a substantial financial detriment. This transaction resulted in $2.6 million worth of losses. That’s because the price has fallen to $1,580 for each ETH token. The price decline amounted to 58.6%. Ethereum price faces ongoing challenges in price stability as the general market tries to recover from what can be termed a bear market. Source: Lookonchain (X) The full-scale sale of 1,160 ETH by the whale functions as an indicator of market-wide attitudes toward ETH. The whale maintained their assets for close to twelve months. Yet, market conditions, along with current price fluctuations, forced them to sell all their holdings. The value of the sold ETH coins totaled $1.83 million. It was significantly below the initial investment of $4.43 million. The whale had purchased ETH from OKX at $3,816 per token. Ethereum Price Struggles: Technical Analysis Overview Ethereum price stood at $1,591.24 as of press time, as per CoinMarketCap data. It displayed a 1.68% increase in a day. Ethereum maintained a market cap value of $192.26 billion while its trading activities exceeded $14.01 billion. Current data reveals a positive sentiment in the market though the investor interes,t has dropped slightly. It is worth noting that Ethereum showed similarities with price action and triangle formations in the Ethereum market structure in 2020 and 2025. For the 2020 market cycle, Ethereum’s price had a massive drawdown. ETH price then consolidated and continued to increase rapidly. Additionally, after a similar drawdown, the 2025 triangle pattern is also forming on the Ethereum cycle chart. The two patterns signal a possible setup for a bullish breakout. The history showed that the…

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Filed under: News - @ April 17, 2025 7:26 pm