$ETH Investors Secure Nearly $1B in Profits – How Low Will Ethereum Price Crash?
Ethereum (ETH) price faces immense selling pressure after the $2,700 local top as blockchain data reveals investors cashed out nearly $1 billion in profits this week.
Today ETH trades at $2,500, but whale transaction count spike shows that large investors are distributing their holdings. Technicals solidify this potential crash by flashing a bearish divergence sell signal.
According to Santiment’s Network Realized Profit/Loss (NPL) metric, shows $835 million worth of ETH tokens were moved on May 15.
This indicator tracks daily coin movements, this represents the most significant profit realization since Ethereum price plummeted to $1,385 in April.
The selling aligns with a spike in whale transactions exceeding $1 million. Historical patterns show similar activity preceded April’s 35% crash, suggesting large holders who bought the dip are now exiting positions. This type of “buy low, sell high” behavior typically marks local tops.
Market participants should note that in March, ETH fell 35% in two weeks after breaking a similar technical structure.
The $2,069 to $1,872 bullish breaker zone — where former resistance became support, and this zone held firm during April’s crash, showing why it is crucial.
With multiple indicators flashing warnings, Ethereum price forecast hints it is vulnerable to correction. While the uptrend remains intact, traders should prepare for potential tests of $2,069 support before new buying opportunities emerge.
Ethereum’s price action at $2,700 will prove pivotal. The current structure suggests that sellers control the short-term narrative, with technicals pointing to a 20-35% downside risk if key levels fail.