Apr 4, 2025
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Ethereum Whales Accumulate Over 130,000 ETH Amid Market Weakness
Ethereum is currently trading below $1,900, experiencing selling pressure as the crypto market declines. After a rejection from $2,500 in February, bulls have struggled to regain momentum, leading to a bearish short-term outlook and disappointment among investors.
Key points include:
- Ethereum is down 55% from its December high.
- Macroeconomic uncertainty, including U.S. trade policies, contributes to market instability.
- Largest ETH wallets added over 130,000 ETH in one day, indicating whale accumulation despite retail sentiment declining.
- Bulls must defend the $1,800 support level; failure could lead to a drop to $1,750 or lower.
- Reclaiming $2,100 is necessary for a potential bullish reversal.
While the market remains under pressure, whale behavior suggests long-term confidence, which may signal a future shift if supply absorption continues.
Overall, Ethereum's next moves around these critical support levels will be crucial for determining short-term recovery or further decline.
