Ethereum Falls to $2,476 Amid Selling Pressure
Key Takeaways
- Ethereum (ETH) dropped to USD 2,476 after briefly surging to USD 2,700.
- Selling pressure is increasing — both in the spot and derivatives markets.
- Large ETH holders (whales) have sold a net amount of over 188,000 ETH.
- A key support level lies at USD 2,200.
- Breaking below this level could trigger further losses.
ETH Price Drops After Rally
Ethereum recently experienced a significant price correction. After briefly rising to USD 2,700, the price fell to USD 2,476 within two days — a decline of more than 3% in just 24 hours. This downward movement is not purely technical. Data shows that selling pressure is mounting across the board.
Market Shows Clear Selling Dominance
In the spot market, 113,100 ETH were sold in a single day, while only 90,000 ETH were bought. This results in a negative delta of 22,500 ETH — a clear sign of selling dominance. A similar picture is emerging in the derivatives market: the so-called Taker Buy-Sell Ratio, an indicator of the ratio between aggressive buy and sell orders, has dropped significantly according to data from CryptoQuant. This suggests that sellers are currently in control.
Whales Offloading Large Amounts of ETH
A look at the activity of large Ethereum holders confirms this trend. According to IntoTheBlock, the “Large Holder Netflow” — the net change in holdings of large wallets — has fallen to -12,700 ETH. This means that whales sold over 188,000 ETH more than they bought in a single day. This development further intensifies the downward pressure.
Risk of Further Losses Increasing
Ethereum is currently moving toward a critical support zone at USD 2,200. If the price falls below this level, a further drop toward the psychologically important USD 2,000 mark could follow. The market is currently clearly dominated by bears. A sustained break below USD 2,200 could trigger a new wave of downward momentum.
Brief Pause or Start of a Larger Downtrend?
Whether the current movement is a short-term correction or the beginning of a longer downtrend depends heavily on the behaviour of market participants. If selling pressure eases — for example, because short-term traders (“weak hands”) have already exited — the market could stabilize. In that case, a renewed rise toward USD 2,700 or even USD 3,000 would be conceivable. However, buyers would need to regain control for that to happen.
Our Assessment
The current market situation for Ethereum is tense. The drop after the surge to USD 2,700 shows how quickly sentiment can shift. The data speaks clearly: both institutional and retail investors are currently selling ETH in increasing numbers. As long as this trend continues, the risk of further losses remains high. Anyone looking to invest in Ethereum should closely monitor the support level at USD 2,200. A break below this zone could lead to new lows — whereas a stabilization would be the first sign of a possible recovery.
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Sources
- CryptoQuant
- IntoTheBlock
- Coinalyze
| Symbol | ETH |
| Coin type | Alt Coin |
| Transaction Speed | Medium |
| Pros |
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| Cons |
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| Further practical applications | |
| Price | 2725.94 |
| 24h % | 3.27 % |
| 7d % | 3.66 % |
| 30d % | 49.60 % |
| 60d % | 48.40 % |
| 1y % | -28.41 % |
| Market Cap | $329,130,212,302.00 |
| Official Links | Website | Source Code |
| Socials | Reddit | X |
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