1 April | Ethereum

Transactions by major holders may trigger Ethereum sell-off

Transactions by major holders may trigger Ethereum sell-off

Ethereum is facing potential sell-off risks as bearish sentiment grows in the market following a significant transaction by a large holder who transferred 6,131 ETH ($10.94 million) to the Binance exchange. Lookonchain believes that moving funds back and forth between private e-wallets and centralized exchanges signals imminent sell-offs, causing investors to raise concerns.

Further anxiety stems from the fact that two major holders at the Maker platform, or "whales," may be liquidating their positions. 

In the last 24 hours, Ethereum transactions worth $1.87 billion have been processed by the exchange. Analysts at COINOTAG noted that large sellers seem to be driving a significant portion of them. Therefore, ETH has fallen by 1.85%. The resistance level between $1,857 and $1,963 represents an additional hurdle for the asset's recovery, as some 7.89 million sell orders may limit further gains, according to experts.

Moreover, the crypto's daily trading volume has dropped to 614,000, indicating waning interest from traders. Given the current data, COINOTAG analysts warn that the risks of further decline in Ethereum remain significant.

Elena Dorokhina MarketCheese
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
Yesterday at 11:10 AM 39
Period: 18.07.2025 Expectation: 1400 pips
Weak dollar may drive S&P 500 to 6,300
Yesterday at 07:34 AM 39
Brent sell
Period: 11.07.2025 Expectation: 400 pips
Brent falls ahead of OPEC+ decisions
04 July 2025 63
Period: 18.07.2025 Expectation: 900 pips
AUDCAD is likely to keep pulling back from its monthly high
04 July 2025 48
Period: 10.07.2025 Expectation: 1200 pips
Selling USDJPY during rebound with 142.430 target
03 July 2025 64
Period: 11.07.2025 Expectation: 220 pips
Heatwaves across Europe and US support gas price recovery from recent lows
03 July 2025 245
Go to forecasts