Ethereum Slides to $4.2K as Whales Dump
Millions 💸🐋🌊
Ethereum (ETH) just took a dip, sliding down
to around $4,200 (-1.32% in the last 24h) as
some of the biggest wallets started
unloading their bags.
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💸 Who’s Behind the Selling?
Longling Capital just locked in massive
profits, selling 5,000 ETH worth $21.56M.
Their track record? They originally pulled out
123,405 ETH from Binance at around $2,349.
Later, they redeposited 70,800 ETH when
ETH was trading closer to $3,502.
Net result: sitting on an insane $184M profit 🤯.
Another whale wallet (0x7378…) suddenly
came back to life after almost a year of
silence.
It dumped 3,075 ETH ($13.25M) at around
$4,310.
But here’s the kicker: the wallet is still
holding 15,708 ETH — that’s roughly $67.5M
waiting on the sidelines.
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📊 Market Impact
The heavy sell pressure has already pushed
ETH down toward its $4,200 support zone.
Now traders are eyeing whether whales
keep unloading or if buyers step in at this
critical level.
Right now, sentiment feels shaky. Institutions
and big wallets are booking profits near local
highs, and retail traders are left wondering if
this is just a healthy correction or the start of
something bigger.
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🔮 My Final Take
Whales are on the move, and Ethereum’s
price action is feeling the pressure.
If ETH breaks below $4,200, we could see
volatility explode. But if buyers hold the line,
this might just turn into another accumulation
opportunity before the next leg up.
For now, eyes on $4,200 — that’s the
battleground.