The post What’s Next For Ethereum Price Amid ETH Whales Panic Selling? appeared on BitcoinEthereumNews.com.

Ethereum price experienced significant downward movement after support levels were breached. The price decreased to below $2,300. At the same time, on-chain data shows that major Ethereum holder groups have increased their selling activities which threatens the cryptocurrency’s market value. Ethereum Whales Sold Over 440,000 ETH in a Week Notably, Ethereum whales conducted massive liquidations amounting to more than 440,000 ETH during the previous week according to on-chain data that Ali Martinez shared. The massive selling activity among investors has decreased Ethereum market value because it signals a negative shift in investor sentiment. Ethereum price has recorded a weekly decline of 14% and a monthly drop of 26% as whales continue with large-scale liquidations which drive increased market volatility. Ethereum whale transactions | Source: X Several Ethereum wallets holding large amounts performed substantial transactions according to wallet data. A significant transaction occurred when the wallet 0xc725…839d sold 8,074 ETH worth approximately $19.63 Million at an average price of $2,431. Major asset holders’ continuous selling indicates broader market fears rise. A Single Wallet Deposited 10,000 ETH Worth $23.44M to Binance More so, Ethereum whales continue their selling trend while further transactions indicate more asset liquidations may occur. Blockchain data tracker, Lookonchain, identified that within the last two days Wallet 0x07Fe…A26D transferred 10,000 ETH with an estimated value of $23.44 Million to Binance. Large exchange deposits historically suggest individuals might sell their assets leading to more Ethereum price drops. In the latest developments, BlackRock sent 5,100 Bitcoin worth $441.88 Million and 30,280 Ethereum worth $71.85 Million to Coinbase Prime. The BlackRock Ethereum transactions demonstrate significant movement which might reveal necessary liquidity changes or operational reorganization. Ethereum transfers | Source: X Ether ETFs Saw $94.3M in Outflows Meanwhile, the Ethereum price decline intensifies due to Ether-based exchange-traded funds (ETFs) distributing their assets. On…

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Filed under: News - @ March 1, 2025 8:21 am