Ethereum pressured by $971 million whale sales after breakout

Beincrypto reports that Ethereum whales sold roughly 300,000 ETH — about $971 million at current prices — over the past three days, adding near-term supply pressure even as ETH confirmed a breakout from a two-month descending wedge.

Those sales came from wallets holding between 100,000 and 1 million ETH and suggest skepticism among large holders that could slow upward momentum if other cohorts do not absorb the added supply. Counterbalancing this, Ethereum’s Liveliness metric has declined sharply since late December 2025, indicating long-term holders are remaining dormant and reducing circulating supply, which can help stabilize prices.

ETH was trading near $3,265 at the time of writing, with a nearer-term target of $3,447 if $3,287 holds as support and a longer projection toward $4,061 from the wedge breakout (about 29.5% upside). Achieving those levels would require sustained demand and reduced distribution; intensified whale selling could push ETH below $3,131 and toward $3,000 or $2,902, which would invalidate the bullish thesis. This price analysis article is for informational purposes only and should not be considered financial or investment advice.

Key Topics

Crypto, Ethereum, Eth Price, Whales, Long-term Holders, Liveliness Metric