A recent sale by an Ethereum whale, who offloaded 1,160 ETH with significant losses, raises questions about the current state of the market and its future.
Whale Ethereum Sale
An Ethereum whale recently sold 1,160 ETH worth $1.83 million, realizing a 58.6% loss. Initially, the owner withdrew funds from OKX 11 months ago when ETH was priced at $3,816, later selling the assets for $1,580 and locking in a $2.6 million loss. This sale indicates growing panic among holders.
Decreasing Selling Pressure
An analysis of Ethereum's NetTakerVolume from February 2024 to April 2025 shows a decline in selling pressure. The metric tracking aggressive selling versus buying indicates that negative volumes have started to decrease since November 2024. This suggests that selling pressure may be fading, and ETH's price may have reached a bottom.
Optimism for ETH Price Recovery
Despite current weaknesses, optimism regarding future prices remains high. Some traders, such as LordOfAlts, set a target of $5,000 for ETH in 2025. Historical data suggests that every time extreme selling occurred, a recovery followed. Currently, ETH is testing the $1,800 level, and if selling pressure continues to diminish, strengthening may be expected.
The current state of the Ethereum market signals a potential recovery following recent sell-offs. The decline in selling pressure and traders’ targets provide hope for possible growth.
