130,000 Ethereum Moved Off Exchanges – Bullish Signal?
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Ethereum (ETH) has the lowest trading levels since the second half of 2023, and is struggling to recover momentum after long-term sales pressure. Since December 2024, ETH has lost more than 57% of its value and failed to obtain key resistance levels. As the broader crypto market faces macroeconomic uncertainty and sustained volatility, the downward trend of Ethereum seems far from over.
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Despite the continued decline, data on the chain suggests that large investors may be recovering. According to Yin Liquan, whales have shifted over 130,000 ETH exchanges over the past week, indicating a growth in accumulation trends. This pattern has been developing since Ethereum began its downward trend, suggesting that institutional players and long-term holders are buying for expected future price appreciation.
although Short-term sentiment is still bearishhistorical data show that once sales pressure fades, the accumulation of the big whales is usually before strong rebounds. However, ETH still faces obvious resistance and the Bulls must return to key levels to confirm a potential trend reversal. With market uncertainty still ongoing, the next few weeks will be crucial to identifying Ethereum’s next major move.
Ethereum whale activity hints optimistic
Ethereum has been under enormous sales pressure, trapped in amid macroeconomic uncertainty and the fear of a trade war that has thrilled crypto markets and U.S. stocks. ETH is trading at a lower level than multi-year support, which could be a strong resistance in the coming weeks. If the Bulls can’t recover the key price level, the stage can be set to a deeper correction.
However, not all indicators are bearish. Despite the continued decline, some analysts remain optimistic about Ethereum’s long-term outlook. Top analyst Ali Martinez Shared insights on Xrevealing that whales have shifted over 130,000 ETH exchanges over the past week.
This is important because large investors often move their holdings from the exchange when they plan to hold for a long time rather than sell. When a whale transfers ETH to a private wallet, it usually indicates accumulation rather than immediate sales pressure. Historically, this trend has been ahead of market rebounds as reduced exchange supply can contribute to price stability and future upward potential.
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Although Ethereum still faces major obstacles, whale activity shows that smart money is positioning for the next move. The next few weeks are crucial to determine whether ETH can reverse its downward trend or further downward trend.
Bulls strive to maintain key levels
Ethereum is currently trading at $1,904, and after several days of merger results below $2,000, working hard to restore momentum. Continuous sales pressure keeps ETH under key resistance, which makes it difficult for the Bulls to reverse the trend and start recovering.
In order for Ethereum to regain its bullish outlook, the Bulls must get the $2,000 level as soon as possible. The continued push exceeds the strength of this resistance and may lay the foundation for a move to a higher level of assembly, which may be tested in the next few weeks for $2,250-2,400.
However, if ETH loses its current demand level, the next major liquidity zone is about $1,600. A breakdown below $1,750 could trigger further sell-offs, resulting in an extended bearish phase that could delay any potential recovery.
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As whales accumulate and data on chains suggest a decrease in exchange supply, some analysts believe Ethereum may soon be a breakthrough. However, macroeconomic conditions and overall market sentiment remain key factors in determining the short-term trajectory of ETH. The Bulls will need strong buying pressure to make up for lost ground and avoid deeper drops.
Featured images from DALL-E, charts from TradingView
