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>>All Ethereum whale groups now facing losses: ETH capitulation indicates the final market bottom?

All Ethereum whale groups now facing losses: ETH capitulation indicates the final market bottom?

crypthub

about 4 hours ago

Market Sentiment and Whale Positions

Ethereum remains under $2,000 as sustained selling pressure dampens crypto sentiment. Recent data shows all whale cohorts posting negative unrealized profit ratios, with midsize holders around –0.21 and the largest above 100,000 ETH near –0.08. The loss of profit despite not yet reaching April lows indicates deepening stress across investors. This broad‑based downside heightens market sensitivity.

Whale Stress and Capitulation Risk

If the decline continues, whales may face mounting financial pressure, potentially forcing partial liquidations. History shows such capitulation can spike short‑term volatility, especially when liquidity is tight. Yet, despite negative ratios, whales have so far held above recent support, limiting immediate large‑scale distribution. A true sell‑off would likely require added leverage strain or macro shocks.

Technical Outlook

ETH trades below key moving averages, turning former support into resistance. Immediate support clusters around $1,800, while resistance lies between $2,200 and $2,600. Volume has thinned since the rally, suggesting reduced speculative buying. Without a decisive reclaim of the $2,000 zone, price consolidation or further downside remains plausible.

Path to Recovery

A sustained recovery will depend on improving liquidity, stronger spot demand, and more favorable macro conditions. Should weaker hands exit and leverage unwind, the market could enter a low‑volatility accumulation phase. Until these factors align, Ethereum’s structure stays fragile.