Ethereum

bullish

when

USDC

Billion

<p>Ethereum surprises this week with dazzling performances, even surpassing Bitcoin, with an increase of 28% compared to 18% for the queen of cryptos. The threshold of 3,000 dollars has been crossed, and traders hope to see the value of ETH rise further. However, troubling signs are emerging: a huge holder of Ethereum, or “whale”, has just sold a significant portion of their stock, risking destabilizing the market. So, is a crash to be feared?</p>
<h2 id="h-les-ventes-massives-d-ethereum-un-signal-inquietant">Massive sales of Ethereum: a troubling signal</h2>
<p><a href="https://www.cointribune.com/tag/ethereum-eth/" target="_blank" rel="noopener noreferrer nofollow">Latest Ethereum news</a>: since November 7, a “whale” holding nearly 400,000 ETH, worth $1.28 billion, has initiated <strong><a href="https://x.com/lookonchain/status/1855804750626971775" target="_blank" rel="noopener noreferrer nofollow">a wave of massive sales</a></strong>. This crypto giant has already exchanged <strong>46,853 ETH for $138 million in USDC stablecoin</strong>, at a price of $2,920 per unit.</p>
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<p>More recently, <strong>12,886 additional ETH</strong>, worth $41.24 million, were transferred to an exchange wallet, signaling an imminent sale. To date, <strong>the whale still holds 352,036 ETH</strong>, worth approximately $1.27 billion.</p>
<p>This large-scale sale raises <strong>fears about the price evolution of Ethereum</strong>. Because when the biggest players start to sell, the market trend can quickly reverse.</p>
<p>If other whales decide to follow suit, <strong>a snowball effect</strong> could trigger, increasing selling pressure and slowing down the bullish momentum observed recently.</p>
<ul>
 <li><strong>Total volume sold: 46,853 ETH ($138 million);</strong></li>
 <li><strong>Last sale: 12,886 ETH ($41.24 million);</strong></li>
 <li><strong>Initial sale price: $2,920;</strong></li>
 <li><strong>Current position: 352,036 ETH ($1.27 billion);</strong></li>
 <li><strong>Critical resistance threshold: $3,000.</strong></li>
</ul>
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<h2 id="h-marche-crypto-les-traders-sous-tension">Crypto market: traders under pressure</h2>
<p>Analysts and investors are closely monitoring these transactions, fearing <strong>a trend reversal</strong>. If Ethereum fails to maintain its course above $3,000, <strong>a break of this threshold</strong> could create a significant turnaround. For traders, <strong>this resistance at $2,920 could represent a key point</strong>.</p>
<p>Panic could spread among small investors who, seeing these whale movements, risk <strong>selling to secure their gains or limit their losses</strong>.</p> 
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<p>Some observers even mention the possibility of a “domino effect” if other large holders follow suit. This context could push the flagship altcoin towards a short-term price decline, impacting the entire crypto market.</p>
<p>For the more cautious, <strong>each new sale by these giants reinforces the idea that the <a href="https://www.cointribune.com/en/crypto-markets/ethereum-eth-en/" target="_blank" rel="noopener noreferrer nofollow">current price of Ethereum</a> could be the highest reached in the near future</strong>. It remains to be seen whether this anticipation will materialize, or if ETH will defy expectations.</p>
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<p>For Peter Brandt, <a href="https://www.cointribune.com/en/pessimistic-prediction-for-ethereum-reaching-rare-lows/" target="_blank" rel="noopener noreferrer nofollow">the forecasts for Ethereum are bleak</a>: he envisions a drop to $1,550 if buy signals continue to be absent. Are investors getting tired of Ethereum?</p>
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Crypto: Ethereum In Danger? An Ethereum Whale Liquidates 1.2 Billion In ETH

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