- Ethereum price decreases amid low whale activity.
- The number of the Millionaire Governor reaches the lowest level since the year 2023 January.
- Technical indicators indicate a possible test of $ 2000.
Ethereum showed flexibility in recent trading sessions, increasing about 9 % during the past week despite the signs of attention from big investors. The second largest encrypted currency is currently being traded by about $ 1580, a decrease of more than 3 % in the past 24 hours, as it tests the main countdown line.
The latest price procedure led to a significant fluctuation in the market. Coinglass data shows that approximately $ 82.8 million in ETHEREUM trading sites was recently liquidated, with losses between buyers ($ 43.5 million) and sellers ($ 39.2 million). The references occurred amid fluctuations in the growing market, and coincided with the Bitcoin recovery over the $ 85,000 sign – a step that provided a modest batch of the total market feelings.
Despite this height, Ethereum fell shortly to its lowest level since March 2023 last week. Although the recent temporary suspension in the escalation of the global tariff has provided some relief in the short term to the broader encryption market, it has not fully restored the confidence of the investors.
1 million dollars carry the governor of ethereum governor
Glassnode data indicates a noticeable direction: the number of ETHEREUM governor that has at least $ 1 million of ETH in 2025 has decreased, as it reached its lowest point since January 2023. This change may reflect a transformation in participation of high -value investors who often contribute to the stability of the market.
With this support, InTothheblock data shows a decrease in the volume of large transactions – a common indicator of whale activity – which decreased from a peak of $ 9.81 billion to $ 2.75 billion. Modern movements are in line with the chain with this style, including a noticeable transaction on April 14, where the 20,000 ETH portfolio (about 32.4 million dollars) transferred to KAKEN, perhaps ready for sale.
In addition, reports indicate that an early ETAREUM ICO’s participant gradually reduces his property. On April 13, this portfolio sold 632 eth, worth about one million dollars, which increases the last sale activity.
The open interest of Ethereum also witnessed a slight decrease, as it decreased by 1.16 % to about $ 17.91 billion. This decrease can affect the frequency of any possible recovery in the short term.
On the technical side, Ethereum recovered from the support level of $ 1500, indicating the resistance of sellers at a lower price. Market participants are now watching the descending resistance line, with a break over it that is likely to boost the bullish momentum in the short term.
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