Ethereum Whale Sells $970 Million Threatens ETH Price
Ethereum price has broken out of a two-month bearish wedge, indicating renewed bullishness. ETH's technical structure points to a potential rally after weeks of volatility.
However, as large owners begin to diversify into power, the flipped narrative will be challenged, raising concerns that whaling activity will generate high profits.
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Ethereum whales have turned into active sellers as the price rises. In the last three days, wallets holding between 100,000 and 1 million ETH sold for around 300,000 ETH. At current prices, those sales would exceed $971 million, indicating a meaningful increase in supply.
This behavior reflects the skepticism among large holders about ETH's ability to continue its rally. Whales often spread during crashes to lock in profits. Their actions may slow upward momentum, especially if the demand of other groups does not respond to the increased supply.
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A whale selloff doesn't guarantee a reversal, but it does increase near-term risk. Large transactions affect liquidity conditions and can pressurize prices if repeated. The Ethereum rally now has to contend with this supply overlap.
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Long-term retention behavior provides balance to whale distribution. Ethereum's live rate has dropped significantly since the end of December 2025. This indicator tracks whether long-held coins are moving or stagnant.
A falling Liveliness reading indicates that long-term ETH holders prefer to hold rather than sell. This pattern reflects the confidence of long-term investors. Their ban can stabilize prices during short-term distribution.
When long-term owners hold positions, volatility is often reduced. Their behavior reduces the supply of blood for sale. This volatility could offset whale-led pressure and support Ethereum's broader bullish structure.
ETH Price Breakout Rally Continues
At the time of writing, Ethereum is trading near $3,265 after confirming a breakout from a bearish wedge. The pattern could target a 29.5% upside at $4,061. Reaching that level will require continued demand and a reduction in distribution.
A more realistic short-term objective is lower. ETH may rise to $3,447 if it finds $3,287 as support. Holding this level confirms breakout strength and provides a basis for a move above $3,607.
The risk of decline is related to whale behavior. If the sell-off strengthens, Ethereum could fall below $3,131. A deeper drop to $3,000 or even $2,902 would destroy the bullish study and eliminate the gap, leaving ETH vulnerable to a correction phase.
