The Ethereum price has jumped back above $2,100 despite broader market volatility, driven by aggressive whale accumulation and tightening supply. However, recent updates reveal that whales are now selling their ETH,<\/span> likely taking profit after prices recovered<\/span><\/a> slightly. The key question now is whether this increased selling pressure could trigger a decline in Ethereum, potentially<\/span> pushing its price back below $2,000<\/span><\/a> once again.<\/span><\/p>\n After<\/span> recording massive accumulations just last week<\/span><\/a>, crypto whales are now back to selling ETH. A new report released on X by on-chain researcher \u2018The DataNerd\u2019<\/span> revealed<\/span><\/a> that a 2-year-dormant Ethereum whale recently deposited a staggering 15,000 ETH, valued at approximately $30.97 million, to the crypto exchange Coinbase.\u00a0\u00a0<\/span><\/p>\n Based on the size and timing of the transfer,<\/span> flagged<\/span><\/a> by Arkham Intelligence, the dormant whale may be looking to sell or trade their ETH. Interestingly, the DataNerd disclosed that the whale was an early participant in<\/span> Ethereum\u2019s initial coin offering (ICO)<\/span><\/a>, meaning they bought ETH when the cryptocurrency first launched at an extremely low price.\u00a0<\/span><\/p>\n Related Reading: Ethereum Whales Are Making Money Again, But Will They Hold Or Sell?<\/a><\/p>\n The post also mentioned that the whale used a<\/span> dollar-cost averaging (DCA)<\/span><\/a> strategy to buy 17,400 ETH at an average price of about $11.6 per coin on Poloniex. Despite moving some ETH to Coinbase, the whale still holds 14,800 ETH in their wallet, worth roughly $30.5 million, showing they haven\u2019t sold most of their holdings yet.\u00a0<\/span><\/p>\n Another recent<\/span> large-scale ETH sell-off<\/span><\/a> was<\/span> identified<\/span><\/a> by blockchain analytics platform Lookonchain on X. According to the report, an \u201cEthereumOG\u201d with the wallet address 0xa2F6 sold 15,002 ETH on March 23, worth approximately $30.97 million. The data showed that the whale had previously received 172,700 ETH for $12.83 per coin a decade ago, valued at $2.2 million at the time. However, based on Ethereum\u2019s price during the transaction, the whale\u2019s holdings have gained by more than 16,082%, reaching a whopping $356 million.\u00a0<\/span><\/p>\n The recent spikes in<\/span> whale selling activity<\/span><\/a> could have broader implications for Ethereum\u2019s price. When large ICO whales move their holdings to a crypto exchange, it often signals that they may be preparing to sell. Such large-scale ETH deposits can create significant selling pressure on the market, as other traders closely watching the whale movements may<\/span> react by selling<\/span><\/a> or adjusting their positions.\u00a0<\/span><\/p>\n This can trigger a chain reaction, putting short-term<\/span> downward pressure on Ethereum\u2019s price<\/span><\/a>. The effect is even stronger when the whales involved are bigger and older, significantly increasing price volatility. With ETH trading around $2,100, persistent whale sell-offs could push its price lower, possibly sending it below $2,000. Its price has already fallen by more than 5%over the past seven days, according to CMC data, highlighting its underlying bearish momentum.<\/span><\/p>\n Featured image from Getty Images, chart from Tradingview.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The Ethereum price has jumped back above $2,100 despite broader market volatility, driven by aggressive whale accumulation and tightening supply. However, recent updates reveal that whales are now selling their ETH, likely taking profit after prices recovered slightly. The key question now is whether this increased selling pressure could trigger a decline in Ethereum, potentially […]<\/p>\n","protected":false},"author":2,"featured_media":422927,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-422918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=422918"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422918\/revisions"}],"predecessor-version":[{"id":422928,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/422918\/revisions\/422928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/422927"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=422918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=422918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=422918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ETH Faces Heavy Selling From Whales<\/h2>\n
How This Selling Pressure Affects The Ethereum Price<\/h2>\n
Related Reading<\/span><\/h2>\n<\/p>\n