NewsBTC
Feb 24, 2026
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BEARISH 📉 : Ethereum Faces Pressure as Whales Restructure and Liquidate Holdings

Ethereum's Critical Price Zone and Whale Activity

  • Ethereum's price is near a long-term demand zone, around $1,828, as whales reshuffle holdings.
  • The current price area is crucial, with $1,800–$1,820 acting as support and $1,900–$1,920 as resistance.
  • Over $51 billion in futures trading volume was recorded recently, indicating high market volatility.
  • More than $100 million in leveraged positions have been liquidated.

Whale and Institutional Movements

  • A whale liquidated 7,200 ETH at a significant loss, adding to selling pressure.
  • Another holder sold nearly 23,924 ETH before opening long positions, suggesting expectations of volatility.
  • Vitalik Buterin sold over 8,800 ETH this month for ecosystem funding, not a loss of confidence.
  • BitMine Immersion Technologies acquired 51,162 ETH, showing institutional interest despite price weakness.

The Ethereum market is under stress but exhibits potential long-term accumulation by institutions. The immediate outlook depends on maintaining the $1,800 support level.