Major ETH Whales Dump 44,086 ETH in Crash, Rebuy at $4,010
Recent Ethereum whale trading shows two major holders panicked and sold 44,086 ETH during market dips. One address dumped 5,504 ETH at an average of $3,599, raising $19.81 million. Another dropped 38,582 ETH at $3,548 for $136.89 million. As Ethereum rebounded, both whales repurchased tokens at higher prices. The first bought back 3,358 ETH at $3,828 for $12.85 million. The second rebought 1,800 ETH at $4,010, spending $7.22 million. These on-chain data underline sharp market volatility and suggest large holders re-enter at elevated price points. Traders should monitor Ethereum whale trading patterns and on-chain metrics for timely trading signals.
Neutral
In the short term, the significant ETH sell-offs by major whales during price dips likely increased selling pressure and contributed to downward price volatility. However, their strategic buybacks at higher price points signal confidence and accumulation behavior, which can provide support and counterbalance the selling sentiment. This mixed pattern of panic-selling followed by repurchasing suggests offsetting effects on market supply and demand. Consequently, the overall impact on ETH prices is expected to be neutral, with traders advised to monitor whale trading activity and on-chain metrics for clearer directional cues.