Ethereum Maintains Its Resistance Despite $2.5 Billion Whale Sales

Ethereum has attracted attention by maintaining price stability despite significant whale sell-offs in recent days. In the last 48 hours, 1.06 million ETH (approximately $2.57 billion) changed hands. However, these sales did not severely shake the Ethereum price.

Strong Demand Area Holds Despite Whale Sales

According to on-chain data, although large investors holding between 1 million and 10 million ETH have begun to reduce their positions, the downward pressure on the price remained limited. The main reason for this is that a significant amount of ETH has been purchased in the range of $2,344–$2,421. Approximately 65.83 million ETH is held in this area, creating a support base that exceeds a total of $159 billion.

This strong demand zone makes it difficult for the price to drop below these levels. Because a significant portion of investors are still in profit or break-even positions and are not inclined to sell their ETH at a low price.

Technical Outlook: Price is Consolidating, Breakout Signals Are Increasing

Ethereum is currently moving sideways at the $2,424 level. This stagnation has allowed it to break out of an approximately three-week downtrend. Staying within this range increases the likelihood of an upward breakout.

The critical resistance level is $2,476. If this resistance is breached upwards and maintained as support, it is anticipated that Ethereum could rise to $2,606. This level represents a potential breakout that could attract new buyers to the market.

Risk Scenario: What Happens If Bear Pressure Increases?

However, if there is a further decline across the market, it might become possible for Ethereum to dip below $2,344. If this support is broken, the price could drop to $2,205, invalidating the current bullish expectation.

Conclusion: Squeeze Continues in Critical Range

Ethereum's price is currently consolidating in the range of $2,344–$2,476. This squeeze will either result in an upward breakout or could trigger a larger correction if the bearish trend in the market strengthens.

Bullish scenario: Sustaining above $2,476 → Target $2,606

Bearish scenario: Closing below $2,344 → Risk of $2,205

For now, it can be said that Ethereum has shown a resilient stance against declines thanks to strong support areas.

PLEASE READ CAREFULLY FOR A $10 GIFT TO 170 PEOPLE.

Friends who have not yet activated the Futures section will earn $10 when they activate the futures section by entering my referral code 88623008. The first 170 people will benefit from this reward.

I AM EXPLAINING IN DETAIL.

My brothers who register to Binance without a referral, please listen carefully;

You will earn 10 USDT when you do what I say in order.

Enter the Futures section from your application,

On the next screen, enter the REFERRAL CODE section and open your account by entering the code 88623008,

Brothers who want to complete this transaction by April 10 to receive a $10 reward can do so. After this, you will only need to have a trading volume of $30 after activating your account. However, even if you do this after April 10, your reward will not come. Therefore, I recommend you to handle it within 5 seconds.

THE SYSTEM WORKS ON A FIRST-COME, FIRST-SERVED BASIS. THEREFORE, DO NOT BE LATE TO CLAIM YOUR GIFT. IT IS LIMITED TO 170 PEOPLE.

PLEASE READ CAREFULLY FOR A $3,300 GIFT.

Friends, you know that we are doing our best for you as publishers. We communicate the services and opportunities provided to us by our authorities to you. I have never withheld my support for both the crypto market and you; on the contrary, I strive to provide more support.

Now I will explain how to claim your gift. First of all, those of you who have not opened a futures account need to activate this account with a short transaction. I will explain in detail and simply how to activate it.

So who can benefit?

Friends who have not yet activated the Futures section can activate it by entering my referral code 88623008 while opening the FUTURES section. It's an easy process. I have shown where it is below.