Ethereum price lost key support at the $2,000 level in a matter of weeks. Steady downward pressure observed across cryptocurrency markets. While the price continues to fall, on-chain data suggests the decline is due to continued selling pressure from both large and small investors.
Big wallets become bearish on Ethereum.
As volatile market conditions intensify, Ethereum price Sell-side pressure has increased as investors have steadily reduced their exposure. This new sales activity is cited among large holders considered whales and sharks.
Market expert and proven author Joao Wedson reported What is happening is that whales and sharks are starting to disperse their positions in an aggressive manner. Large holders are gradually reintroducing ETH into circulation, often representing a reduction in confidence or strategic de-risking during erratic market periods.
This action can have a major impact as distribution through large wallets increases accessible supply and influences price momentum. Moreover, the expert said this raises the question of whether this pattern is simply a shift towards cryptocurrency exchange holdings. However, the ideal answer remains no.
Cryptocurrency exchange reservesIt remains relatively stable in recent data, ruling out that hypothesis. According to Wedson, this is not an operational transfer, but rather an actual sales activity by investors. Currently, companies with significant ETH holdings continue to lower their exposure and put direct pressure on altcoin prices.
Meanwhile, the consequences of the current pattern, which involves a gradual capitulation, are clear. cascade liquidationAnd there is prevailing selling pressure. Wedson emphasized that this type of movement is not seen in retailers. Rather, it often starts at the top of the structure, with players controlling large volumes.
But when this happens, the market is not distracted. As a result, experts urged: holder Protect your capital by pursuing alpha signals, not narratives.
What is the future of ETH below the $2,000 price level?
Ethereum The loss of the $2,000 support level has heightened fear and uncertainty across the market. Ahead of the analysis, Wedson shared an analysis that provides insight into the development and next directions altcoins could take. The analysis highlights the importance of Ethereum’s current price performance levels.
in Article posted on XWedson said ETH cannot lose $2,000. Because if you do that, you are likely to see a downward trend. This decline was not triggered by Binance, the world's largest cryptocurrency exchange, or any other exchange. Experts claim the decline is being accelerated by OG holders. These are the investors who truly control the market and have always controlled it.
Featured image from Peakpx, chart from Tradingview.com
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