Ethereum is under serious pressure right now. In just 3 hours, whales unloaded around $148 million worth of ETH onto exchanges, while institutions pulled nearly $196.6 million out of ETH ETFs. The big question: is ETH about to crash, or can it stage a rebound toward $4,500?
🔎 What’s Happening with Ethereum?
The past week has been rough for ETH holders. Heavy selling has shaken confidence, and even whales – usually the calmest players – seem to be panicking. According to Lookonchain, massive transfers hit exchanges, sparking fears that large investors know something retail traders don’t.
On top of that, traditional finance isn’t helping. Data from Coinglass shows that Monday alone saw $196.6 million in ETF outflows, the second-biggest daily loss ever recorded for Ethereum ETFs. Add Friday’s $59 million exit, and the two-day total sits at $256 million gone. This is beyond casual profit-taking – it looks like a real sentiment crisis.
📉 Is ETH About to Find a Bottom?
From a technical perspective, things are getting interesting. ETH remains trapped in a descending channel, but momentum indicators suggest the selling wave may be running out of steam.
RSI (Relative Strength Index) is near 35, which historically has marked oversold conditions where ETH often finds support.
MACD (Moving Average Convergence Divergence), after flashing a bearish death cross, is now showing lines moving almost parallel – a sign that selling momentum could be weakening.
This kind of setup has often led to relief rallies once bears lose strength.
📈 Can Ethereum Rebound Toward $4,500?
The key level to watch is $4,150 support. If buyers step in here, ETH could see a strong technical bounce. Breaking out of its current channel could open the path toward $4,790, about 14% higher from current levels.
But let’s stay realistic: without a major catalyst, any upside move is likely to be short-term. The broader macro picture is still against risk assets, and with the next Fed meeting still a month away, there’s no guarantee of support from monetary policy.
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