CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data

  • CONTACT
  • MARKETCAP
  • BLOG
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
  • BOOKMARKS
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Reading: Ethereum battles whales and resistance: Can ETH avoid a market meltdown?
Share
You have not selected any currencies to display
CoinRSS: Bitcoin, Ethereum, Crypto News and Price DataCoinRSS: Bitcoin, Ethereum, Crypto News and Price Data
0
Font ResizerAa
  • Blockchain
  • Crypto
  • Market
  • News
Search
  • Blockchain
  • Crypto
    • Bitcoin
    • Ethereum
    • Forex
    • Tether
  • Market
    • Binance
    • Business
    • Investor
    • Money
    • Trading
  • News
    • Coinbase
    • Mining
    • NFT
    • Stocks
Have an existing account? Sign In
Follow US
© Foxiz News Network. Ruby Design Company. All Rights Reserved.
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data > Blog > News > Ethereum battles whales and resistance: Can ETH avoid a market meltdown?
News

Ethereum battles whales and resistance: Can ETH avoid a market meltdown?

CoinRSS
Last updated: April 1, 2025 9:27 am
CoinRSS Published April 1, 2025
Share

Contents
Whales and potential liquidation could affect ETHBearish sentiment would prevail
  • Whales have continued selling, and large derivative traders face massive liquidation losses if ETH drops.
  • Massive supply ahead of ETH and selling pressure threaten to push the asset’s price lower.

Recent market activity hasn’t favored Ethereum [ETH]. In the past week alone, it declined by 12.75%, with the possibility of a further drop looming as market sentiment turns increasingly bearish.

AMBCrypto found that whale selling activity might not be the only catalyst for a market decline, as a potential liquidation cascade could cause a demand squeeze, sending ETH’s price plummeting.

Whales and potential liquidation could affect ETH

In the past 24 hours, ETH movements by traders controlling a notable supply—also known as whales—signal a potential sell-off.

During this period, Lookonchain reported that a whale holding 6,131 ETH worth $10.94 million had moved their assets into Binance, a centralized cryptocurrency exchange.

Typically, when an asset is moved from a private wallet to a centralized one, it implies an intent to sell. If this selling begins in full force, ETH will likely experience a major price decline.

Source: Arkham Intelligence

Adding to ETH’s potential downside is a 125,603 ETH ($229 million) contract at risk of liquidation. Positions held by two whales on Maker would be forcefully closed if ETH reaches $1,787.75 and $1,701.54, respectively.

If this happens, it could ignite fear in the market, influencing derivative traders to open more short positions while spot traders sell their ETH to avoid a downward spiral, further exacerbating the demand squeeze.

Bearish sentiment would prevail

In the past 24 hours, there’s been significant transaction activity among large traders—defined as those who trade between 0.1% and 1% of the total asset supply.

Source: IntoTheBlock

According to IntoTheBlock data, these large traders have transacted approximately $1.87 billion worth of ETH. This movement is likely dominated by whale sellers, as ETH’s price dropped 1.85% over the same period.

AMBCrypto analyzed market possibilities should ETH rally instead of continuing its bearish trend. Using the In/Out of the Money Around Price metric, the analysis shows ETH would face massive resistance moving upward.

Between $1,857.97 and $1,963.02, a total of 7.89 million ETH sell orders from 5.82 million addresses potentially exist at this level, which could restrict upward movement or even force the price lower.

Source: IntoTheBlock

For now, transaction volume in the market has continued declining. The amount of ETH traded in the past 24 hours keeps dropping, reflecting a lack of interest and willingness to trade the asset.

Currently, with 614,000 ETH being traded, a spike in token transfers—while price and sentiment remain bearish—suggests more traders are selling than before, further adding to the decline.

With more datasets presenting bearish scenarios than bullish ones, ETH’s downside risk remains higher than its chances of an upward move.

Next: Bitcoin: As stablecoins surge, assessing what it means for BTC

Source link

You Might Also Like

Vice President J.D Vance backs Bitcoin, expects U.S crypto users to hit 100M

Stablecoin reserves hit record $50B – Will this impact crypto prices?

BNB’s road to recovery: Can it close the gap on XRP and Solana?

Ethereum, Solana and Dogecoin Jump as Bitcoin Sets Another Record Price

BlackRock’s IBIT Hits $50 Billion in Record Time as Bitcoin Surges Past $100,000

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article The ‘Ghibligeddon’: People Are ‘Melting’ OpenAI’s GPUs With Studio Ghibli Memes
Next Article Bitcoin: As stablecoins surge, assessing what it means for BTC
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recipe Rating




Follow US

Find US on Socials
FacebookLike
TwitterFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
Bitcoin Breaks Into New Price Territory: What Happens Next?
BTC Price will Hit $100K before Bitcoin Sweeps $30K Lows
Crypto Bahamas: Regulations Enter Critical Stage as Gov’t Shows Interest

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data coin-rss-logo

We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Ad imageAd image
© CoinRSS: Bitcoin, Ethereum, Crypto News and Price Data. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?