Ethereum Whales Dump Billions in ETH as Major Market Behavior Suddenly Flips
- Whale Holding Shift: According to analyst Ali Charts, since October 6, 2025, mid-sized Ethereum whales holding between 1,000 and 10,000 ETH have significantly reduced their holdings from 15.95 million ETH to 12.52 million ETH, representing a 21.5% decrease, indicating a notable shift in market sentiment.
- Market Signal Emergence: Prior to this shift, these whales had been steadily accumulating during a broader cryptocurrency market expansion, which pushed Ethereum's price close to $4,000; however, as whales began to offload, market prices started to face downward pressure, highlighting increased supply concerns.
- Impact of Capital Outflow: Since October 2025, whale-controlled Ethereum balances have decreased by over 3.4 million ETH, equating to approximately $7.9 billion at current prices, and this massive sell-off could hinder Ethereum's path back to the $3,000 target.
- Uncertain Demand Outlook: Analysts suggest that unless stronger demand emerges, particularly from institutional investors, Ethereum's recovery will face challenges, as the ongoing distribution pressure may exacerbate market uncertainty.
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Technical Analysis for ETH
Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Ethereum (ETH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 2008.354 | 2114.357 | 2211.734 | 2317.737 | 2415.114 | 2521.117 | 2618.494 |
| Fibonacci | 2114.357 | 2192.048 | 2240.046 | 2317.737 | 2395.428 | 2443.426 | 2521.117 |
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