Altcoins News

Story: Ethereum Whales Dump Over 684,000 ETH as Price Slips Below Key Support

By Steven Anderson

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ETH Remains Range-Bound—but For How Long?. For the past three weeks, Ethereum has been stuck in a sideways trend, fluctuating between $2,400…

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Whales Break Their Silence. According to on-chain data shared by analyst @ai_9684xtpa, two notable whale addresses—dormant…

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684,000 ETH Sold in 24 Hours. Over the same 24-hour period, Ethereum whales collectively unloaded 684,100 ETH onto the market.

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Market Sentiment Turns Bearish. Other metrics further support the idea that Ethereum may be under increasing pressure.

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Ethereum Price Feels the Heat. Ethereum’s market reaction has been swift. As of the latest data, ETH is down 3.

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What’s Next for ETH?. Market participants are now focused on a few key signals:

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Final Thoughts. The recent whale activity is a stark reminder that even well-established assets like Ethereum are…

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Ethereum's price action has taken a turn for the worse after a massive dump by large holders sent shockwaves through the market.

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The selloff has left Ethereum down nearly 4% on the day, and with signs of growing bearish momentum, traders are watching closely for a potential breakdown from the current…

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However, the lack of upward momentum has triggered a wave of selling. Even some of the oldest and most dormant whale addresses have begun reducing their positions—an indication…

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According to on-chain data shared by analyst @ai_9684xtpa, two notable whale addresses—dormant until recently—have resumed activity. These whales moved a combined total of 1,546.

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One address deposited 959.69 ETH worth about $2.54 million to the exchange OKX. Despite the transaction, this wallet still holds 50,704 ETH, currently valued at over $132 million.

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The second address sold 587 ETH worth approximately $1.56 million via Kraken. This whale has been gradually offloading assets since March, totaling around 14,398 ETH sold so…

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These two addresses are not outliers. Their actions are part of a much larger trend currently unfolding across the Ethereum network.

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Over the same 24-hour period, Ethereum whales collectively unloaded 684,100 ETH onto the market. This enormous transaction volume has significantly impacted exchange metrics.

The Currency Analytics

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