Ether (ETH) continues to face significant selling pressure amid activities by large holders, known as whales. According to recent market analysis, the second-largest cryptocurrency is trading around $1,960, slightly retreating with a 0.73% decline in the last 24 hours. Whales are playing a decisive role in limiting the potential recovery of the Ethereum network.
Whale Selling Strategy
Ethereum whales are not only selling positions, but their coordinated activity is creating sustained pressure on the price. This behavior of large holders reflects market uncertainty and a preference to take profits at current levels. The persistent presence of these sales hampers ETH from consolidating in higher ranges, preventing a stronger bullish move that could attract new institutional buyers.
Critical Resistance Points for Recovery
For Ethereum to achieve a genuine rebound, it must break through key technical resistances around $2,000 and then consolidate above $2,400. These levels represent important psychological barriers where whales have historically exerted selling pressure. A breakout above these thresholds would be crucial to change the market dynamics and allow ETH to regain bullish momentum.
Future Outlook
The current situation reflects a battle between aggressive sellers (whales) and buyers seeking to capitalize on retracements. The key will be monitoring whether the whales’ selling pressure persists or begins to diminish, which would determine Ethereum’s recovery prospects in the short term.
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ETH Under Whale Pressure: Analysis of the Current Resistance
Ether (ETH) continues to face significant selling pressure amid activities by large holders, known as whales. According to recent market analysis, the second-largest cryptocurrency is trading around $1,960, slightly retreating with a 0.73% decline in the last 24 hours. Whales are playing a decisive role in limiting the potential recovery of the Ethereum network.
Whale Selling Strategy
Ethereum whales are not only selling positions, but their coordinated activity is creating sustained pressure on the price. This behavior of large holders reflects market uncertainty and a preference to take profits at current levels. The persistent presence of these sales hampers ETH from consolidating in higher ranges, preventing a stronger bullish move that could attract new institutional buyers.
Critical Resistance Points for Recovery
For Ethereum to achieve a genuine rebound, it must break through key technical resistances around $2,000 and then consolidate above $2,400. These levels represent important psychological barriers where whales have historically exerted selling pressure. A breakout above these thresholds would be crucial to change the market dynamics and allow ETH to regain bullish momentum.
Future Outlook
The current situation reflects a battle between aggressive sellers (whales) and buyers seeking to capitalize on retracements. The key will be monitoring whether the whales’ selling pressure persists or begins to diminish, which would determine Ethereum’s recovery prospects in the short term.