Big Ethereum (ETH) Sale by Whales, What’s the Reason?

Jakarta, Pintu News – Over the past 48 hours, there has been a massive sale of Ethereum by large numbers of crypto holders, known as ‘whales’. According to crypto analyst Ali Martinez, who is active on social media platform X under the name @ali_charts, the amount of Ethereum sold reached 90,000 ETH.

The value of these transactions is almost half a billion US dollars. Martinez used data from on-chain analytics company Santiment to illustrate this phenomenon.

Causes of Ethereum Sale

Martinez pointed out that the sharp decline in whale holdings coincided with Ethereum’s 6.53% price drop in recent days. Ethereum, which is the second-largest cryptocurrency, has fallen from its local peak of $4,757 to $4,510. This price drop seems to be a trigger for whales to secure their profits. The wallets involved in these sales hold between 1,000 and 10,000 ETH.

Also Read: Jake Claver, CEO of Digital Ascension Group’s Shocking Prediction: XRP Will Break $25!

Market Reaction to Sales

Despite massive whale selling, Ethereum price has seen a recovery. The currency saw a gain of 1.42% and is now trading at $4,510, after touching $4,548 earlier today. This increase suggests that the market may have absorbed the impact of the whale selling and is starting to stabilize.

Ethereum Future Predictions

On the other hand, Tom Lee of Fundstrat has given a very optimistic prediction for Ethereum in his interview with CNBC. Lee predicted that Ethereum could reach up to $5,500 by mid-October.

This prediction is based on the expectation that there will be an interest rate cut announced by Federal Reserve Chairman, Jerome Powell. This is expected to provide a significant boost to the price of Ethereum and Bitcoin .

Long-term Implications

The massive selling of Ethereum by whales and optimistic predictions from analysts indicate an interesting dynamic in the crypto market. Despite short-term price fluctuations, Ethereum’s long-term outlook remains positive. Investors and market watchers will continue to monitor these developments to make informed investment decisions.

Also Read: Maartunn Analyst Says December 2024 Crypto Market Pattern Repeats, What Does It Mean?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Key Reason Why 90,000 ETH Offloaded by Whales in Past 48 Hours Shared by Analyst. Accessed on September 18, 2025