Ethereum whale sells 2,136–9,010 ETH after dip, begins profit-taking
On-chain data show an Ethereum whale that accumulated large amounts of ETH around a ~$3,023–$3,027 dip has begun profit-taking. Recent reports differ in scope and timing: one analysis (earlier) reported the whale bought ~86,000 ETH between June and August and has since deposited 24,020 ETH to Binance (avg ~$4,282), realizing roughly $30.2M in gains, and sold about 9,010 ETH (~$34M) after a market dip; it still holds ~61,981 ETH (~$232M). A later, more granular update identified a specific sale of 2,136 ETH at an average price of $3,066.40, producing ~$6.55M in turnover and roughly $83k realised profit; the whale-controlled addresses retained ~7,290 ETH (~$22.6M) after that disposal. At publication ETH traded near $3,100 with elevated 24‑hour volume (~$21–21.2B) and a long-position share of ~71.5%. Traders should watch whether these moves are isolated reallocation or the start of broader selling by large holders; near-term price pressure is possible if additional profit-taking follows, while remaining large holdings mean the whale still has material exposure to short-term ETH moves.
Neutral
The net effect on ETH price is neutral-to-cautiously bearish in the short term. Evidence of profit-taking is clear: the whale has realized gains by moving tens of thousands of ETH to exchanges and executing sales (a large batch sale reported earlier and a granular 2,136 ETH sale reported later). Those actions can increase local sell pressure and amplify volatility, especially given high leverage/long ratio (reported ~71.5% long share). However, the two reports differ in scope — the larger analysis shows the whale still holds a substantial stash (~61,981 ETH) after partial disposals, while the later note highlights a smaller, specific disposal leaving ~7,290 ETH in certain addresses — indicating sales may be selective and staged rather than an outright dump. Because the whale retains significant exposure, further profit-taking could be incremental rather than immediate mass liquidation. For traders: expect potential short-term downside or increased volatility if more exchange deposits/sells follow; conversely, isolated small sales that absorb into market liquidity may have limited price impact. Monitor on-chain exchange inflows, realized transfers to centralized exchanges, order-book depth at $3,000–$3,100, and leverage metrics to gauge whether this will escalate into broader selling pressure or remain managed reallocation.