Whale Sells 35,000 ETH in 3 Days at $2,066 Average Price
- Whale Sale Scale: Over the past three days, a large holder sold 35,000 ETH at an average price of $2,066 per token, totaling approximately $72.3 million, which has drawn attention from Ethereum traders monitoring large wallet activity for sentiment signals.
- Market Psychological Impact: Although this sale represents a small fraction of Ethereum's daily trading volume, its distribution over three days suggests deliberate action rather than forced liquidation, potentially influencing market psychology as traders typically interpret it as profit-taking or risk reduction.
- Price Reference Significance: The average exit price of $2,066 provides a psychological benchmark for market participants; if ETH trades above this level post-sale, it may be seen as a premature exit, while trading below could validate the seller's timing.
- Follow-Up Signal Monitoring: Traders should watch whether the same wallet continues selling or if other large holders begin similar distribution patterns, and the ETH inflow to exchanges will serve as a confirmation signal; an increase may indicate broader selling interest beyond one wallet.
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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 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 1786.593 | 1897.947 | 2008.803 | 2120.157 | 2231.013 | 2342.367 | 2453.223 |
| Fibonacci | 1897.947 | 1982.831 | 2035.272 | 2120.157 | 2205.041 | 2257.482 | 2342.367 |
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