Whales Maintain Pressure on Ethereum as It Struggles to Recover

ImpermanentLossFan · 2026-02-12T21:05:05+00:00

The Ethereum market is facing selling pressure from whales, with a current price of $1.91K and a decline of 1.94%. The resistance at $2,000 is crucial for its recovery, and a rise above that level could lead to $2,400. Whale activity will be key to ETH's future.

ImpermanentLossFan

2026-02-12 21:05:05

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The Ethereum (ETH) market is currently facing a battle for direction amid selling pressure from whales. According to industry experts’ analysis, the cryptocurrency is trading around $1.91K with a negative performance in the last 24 hours, recording a decline of 1.94%. This whale activity is significantly hindering the second most important crypto asset’s recovery attempts.

Large holders, popularly known as whales in the crypto ecosystem, continue to liquidate positions, generating sustained selling pressure. This whale behavior has positioned the immediate resistance level at $2,000, a critical barrier that Ethereum needs to overcome to initiate a more sustained rebound.

Market analysts note that if a breakout above $2,000 is achieved, the next area of interest would be $2,400, where whales could again pose an additional challenge. The activity of these major investors will remain a decisive factor in determining whether ETH manages to consolidate a recovery or remains under pressure in the short term.

ETH5,92%

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