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Ethereum Whale Moves Spark Volatility Warning
Ethereum Whales – Ethereum investors, pay close attention! Some of the largest players in the ecosystem have recently started unloading significant amounts of ETH. On-chain data reveals that wallets 0x14e4 and 0x26Bb, likely controlled by the same whale, have withdrawn a staggering 95,920 ETH — valued at approximately $237 million. Notably, in the past 20 days, these wallets have transferred 62,289 ETH (around $154 million) to major crypto exchanges such as HTX, Bybit, and OKX.
Whale Selling Triggers Market Volatility Fears
Heavy selling pressure from large investors is typically a bearish signal, often leading to increased market volatility and downward price action. Ethereum’s price has recently shown signs of weakness. On the daily chart, ETH struggles to hold above its 100-day moving average (~$2,465) and faces resistance near the 200-day moving average (~$2,530).
Prolonged Consolidation and Emerging Downtrend
Following the bullish breakout in May, Ethereum entered a long consolidation phase during which momentum faded, preventing new highs. In recent weeks, a clear downtrend has developed, suggesting sellers are gaining control. Volume data supports this view: red candles display strong sell participation, while recent rallies have occurred on declining volume — a classic sign of distribution.
RSI Neutrality and Key Support Levels Signal Fragility
The Relative Strength Index (RSI) remains neutral, indicating demand has yet to decisively counteract the selling pressure from whales. Technically, the $2,300-$2,400 range, where the 50-day moving average intersects with horizontal support, is a critical zone for ETH. Continued whale selling could push the price back into this support area.
Smart Money Exiting, Retail Traders Should Stay Alert
These developments point to smart money exiting the market. For retail investors, ignoring these warning signs may increase risk exposure. In the coming period, Ethereum could face heightened volatility and potential further sell-offs, so caution is advised.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
