Ethereum Faces Resistance as Whales Offload $17.76
Ethereum Faces Resistance as Whales Offload $17.76M ETH
Ethereum whales sold 7,312 ETH valued at $17.76M and made a $4.49M profit in three hours.
ETH reduced 4% to about $2,443 as it experienced $158 million in leveraged liquidations and market anxiety.
Key resistance at $2,460–$2,580; breakout above $2,580 may trigger rally to $2,700–$2,780.
Ethereum whales have triggered waves across the market by unloading large ETH holdings. According to blockchain analytics firm Lookonchain, two significant wallets offloaded over 7,300 ETH in three hours. This strategic exit signals a potential shift in whale sentiment and raises concerns about Ethereum’s short-term price trajectory.
According to Lookonchain, on May 19, 2025, whale 0xD20E sold 4,718 ETH for $11.53 million and recorded $3.18 million in profits. At about the same time, wallet 0x9BDa sold 2,594 ETH valued at $6.23 million and earned an additional $1.31 million in realized profits.
