Ethereum whales dump $31M ETH, price risks falling below $2,000

Whales resume selling Ethereum. A 2‑year‑dormant address sent 15,000 ETH to Coinbase near $2,100.

An on‑chain report by The DataNerd showed a whale deposited 15,000 ETH worth about $30.97 million to Coinbase. Source. Arkham flagged the same wallet, suggesting exchange intent. Source.

The whale was an early Ethereum ICO participant. Source. The address accumulated 17,400 ETH via DCA around $11.6 on Poloniex, per the same thread. Source. It still holds 14,800 ETH worth roughly $30.5 million. Source.

Lookonchain tracked another sale from “EthereumOG” 0xa2F6. It sold 15,002 ETH on March 23 for about $30.97 million. Source. The wallet previously received 172,700 ETH at $12.83 per coin a decade ago, up about 16,082% to roughly $356 million at the time of the sale. Source.

Last week saw renewed whale accumulation before the reversal. Source. Recent spikes in whale deposits typically raise short‑term sell pressure and volatility. Source Source.

With ETH near $2,100, analysts warn a sustained sell‑off could push price back under $2,000. Source Source.