May 1, 2025
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Whales Sell 262,000 Ethereum Worth $445 Million Amid Price Surge
Ethereum is trading above $1,800 but faces strong resistance between $1,850 and $2,000. Recent market conditions indicate:
- ETH has lost over 55% of its value since December highs.
- Whales sold approximately 262,000 ETH, valued at around $445 million, indicating profit-taking.
- Persistent US-China trade tensions and global economic slowdowns are affecting investor sentiment.
- Current price consolidation is tight, ranging between $1,850 and $1,750.
A breakout above $1,850 could lead to increased buying activity towards the $2,000–$2,100 zone. Conversely, failure to surpass this level may result in a correction toward support near $1,600 or lower. Holding above $1,750 is essential for maintaining bullish momentum. Market volatility is anticipated as Ethereum's next move could influence the broader altcoin market.
