According to the analysis, “ETH whales have now completed 2 profit-taking” events. These “whales” are identified as large accounts holding over 100,000 ETH.

The data clearly shows these substantial holders are actively distributing their Ethereum holdings, which typically signifies a reduction in their exposure and a realization of gains made during recent price movements.

The act of large investors, or “whales,” selling off portions of their holdings often implies a sentiment that current price levels are attractive for locking in profits, and that the likelihood of further significant upward momentum might be limited in the short term.

When such substantial amounts of a cryptocurrency are distributed, it can increase selling pressure on the market.

While the report does not explicitly predict a price drop, the strong emphasis on profit-taking by these dominant market players suggests caution for those expecting a rapid ascent for Ethereum. Investors will likely be watching closely to see if this distribution pattern continues and how it impacts ETH’s price trajectory in the coming days and weeks.

The post Ethereum Whales Engage in Second Round of Profit-Taking appeared first on Coindoo.

---

Filed under: Bitcoin - @ June 22, 2025 5:00 am