$ETH Ethereum Faces 25% Price Risk as Whale Moves $237M to Exchanges
Market Insight | Ethereum (ETH)
$ETH is under pressure following a significant move by a major whale who transferred 95,920 ETH (~$237 million) to exchanges — signaling a potential selloff that could trigger a 25% price drop toward $1,600.
Technical Breakdown
#Ethereum has broken below a multi-year support trendline on the two-week chart, confirming a bearish pattern.
The 200-week EMA near $1,600 served as support in March but faces renewed threat amid weak bullish momentum.
The 50-week EMA (~$2,545) and the lower triangle trendline now form a resistance confluence, blocking further upside.
RSI remains under a long-term descending trendline, reinforcing bearish momentum.
🐋 Whale Activity Adds Selling Pressure
Two wallets, 0x14e4 and 0x26Bb, recently unstaked and withdrew 95,920 ETH.
Of that, 62,289 ETH (~$154M) has already been deposited to exchanges like HTX, Bybit, and OKX.
The remaining ETH (~$83M) remains idle, potentially awaiting a future sell.
Data from Lookonchain suggests both wallets are controlled by a single massive whale, amplifying the risk of a broader ETH dump.
📊 Exchange Inflows & Wallet Shifts
According to Crypto Quant, Ethereum has seen five consecutive days of inflows into Binance, signaling rising sell-side pressure.
Glassnode data shows a decline in ETH held by wallets with 10,000–100,000 ETH, while the 1,000–10,000 ETH group is growing — indicating distribution or wallet fragmentation by larger holders.
📉 Outlook: Bearish Bias Builds If ETH fails to reclaim resistance near $2,525, the price could fall toward the $1,600 level, aligning with the 200-week EMA — marking a potential 25% drop from current levels near $2,493.
Despite the bearish setup, some analysts remain optimistic, calling a $4,000 rally “a matter of time”, provided ETH holds critical support at $2,400.