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>>Ethereum's price stays in a critical five-year demand zone despite significant whale activity.

Ethereum's price stays in a critical five-year demand zone despite significant whale activity.

crypthub

about 3 hours ago

Market Position

Ethereum trades near $1,828, hovering around a five‑year demand zone that previously saw accumulation during the 2022‑23 bear market and the April 2025 dip. Analysts view this range as a magnet for long‑term investors despite muted short‑term momentum. The asset’s market cap sits near $220 billion, with derivatives activity remaining high.

Technical Landscape

ETH slipped below $1,900 and the 100‑hour moving average, placing immediate support at roughly $1,820. Resistance clusters between $1,900 and $1,920; a decisive break below could target $1,780 or $1,720. Futures volume surged past $51 billion in a day, underscoring volatility.

Whale Movements

Large holders intensified pressure, with one whale liquidating 7,200 ETH (≈$13.4 M) at a loss and another off‑loading nearly 24 K ETH (≈$45 M) before opening leveraged longs. A separate wallet moved 12,000 ETH to an exchange, potentially locking losses over $29 M. Co‑founder Vitalik Buterin sold more than 8,800 ETH this month for ecosystem funding, not necessarily reflecting confidence erosion.

Institutional Stance

Institutional actors are buying; BitMine Immersion Technologies added 51,162 ETH to its treasury and is expanding staking yields. This contrast between insider selling and corporate accumulation highlights a market torn between short‑term fear and long‑term conviction. Buyers must hold the $1,800 zone to sustain the emerging multi‑year accumulation phase.