Ethereum Sale Worth $25 Billion Pushes Down ETH Price
The crypto market was shocked by the massive Ethereum sell-off that reached a value of around US$25 billion.
This move had a direct impact on ETH price pressure, which in a short time showed a significant weakening.
On-chain data shows that large wallets, aka whales, released Ethereum holdings in extraordinary amounts, triggering fears of continued selling pressure.
Massive Transactions from Large-Scale Market Players
Based on information we quoted from Beincrypto media, analysis of fund movements shows jumbo transactions carried out by several Ethereum owners with the largest volume.
The outflow of funds from these wallets to the spot exchange is a clear sign that selling is indeed taking place.
Several analysts believe that this activity is related to efforts to realize profits amid uncertainty over the direction of the crypto market in the short term.
Direct Impact on Ethereum Price
After this giant sell-off, the price of ETH fell rapidly. The sharp decline triggered panic among a number of retail investors who were worried that the price would continue to fall.
Although the price had experienced a small recovery, negative sentiment still looms, along with the potential for further pressure if the large selling flow has not really subsided.
Market Sentiment Remains Vulnerable
Ethereum investor sentiment is now in a vulnerable phase. Massive selling pressure has not only depressed prices in the short term, but has also raised broader concerns about the direction of the weekly trend.
A number of traders are cautious, choosing to wait for confirmation of price stabilization before deciding to re-enter.
Regulatory uncertainty and macroeconomic dynamics have also exacerbated market caution.
Potential Recovery and Important Support Areas
Although selling pressure is pressuring prices, several technical analysts see the potential for strong support areas that could help hold back ETH’s decline. The psychological area around US$3,000 is considered the first defense zone.
If this support is able to hold, the opportunity for a technical rebound is open, although it is still vulnerable to being disrupted by additional selling from whales who have not fully exited their positions.
Conclusion: ETH in a Crucial Phase
The US$25 billion Ethereum selloff is a reminder that whales remain dominant in the price movements of crypto assets.
The market is now closely monitoring whether the selling pressure will ease or continue.
For investors, this volatile period is an important phase to review risk management strategies and wait for confirmation signals of stabilization before making accumulation decisions.
