Galaxy Digital, Whales, Institutions, Retail Selling sell ETAREUM: To what extent can ETH decrease?

TL; D

• An increasing number of different investors continued to get rid of their ETH holdings, which may cause more trouble to the original.
• Thanks to its price, which is already well struggling at $ 1,600, the question remains-what follows the second largest encrypted currency?

Galaxy, Whales, Empty Institutions

The scene about Ethereum is not favorable at all, not only with regard to the performance of basic asset prices, but we will mostly focus on this and how different investors look at it. Galaxy Digital from Mike Novoghatz, which is among the top players in the Ecology Ecology system ETH, will throw some of its property after making many transfer To central exchanges such as Binance and Coinbase.

According to Lokonchain, Galaxy was deposited at $ 80 million of trading platforms in the past five days alone.

Galaxy Digital 49,681 $ ETH(79.37 million dollars) in # and #Coinbase In the past five days.https://t.co/wm3zrhpax pic.twitter.com/s12bgwssch

– Lookonchain (@swearonchain) April 17, 2025

The most anxious thing is the fact that Ethereum whales have joined the sale pack. Ali Martinez He said These major participants in the market got rid of 143,000 ETH (approximately $ 230 million in prices today) within a week.

Ethereum ETF mode in the United States is a particularly painful scene. Only one of the trading days in April saw simple flows ($ 2.1 million on April 4), while Red took control of its rest. Moreover, it was 34 out of 40 days In redWith investors withdrawing approximately one billion dollars in the meantime.

But it is not just institutions and whales. Lookonchain reported that even young investors have surrendered, like This wallet This has held ETH for 11 months, but was sold at a significant loss of $ 2.6 million (-58.6 %).

What is the following for ETH?

Its climax at its peak was slightly over 4000 dollars during this session, but it failed to overcome this level despite challenges. Since the last attempt in mid -December, it was mostly slope. The coronation of last week came when ETH was thrown at its lowest level in two years at $ 1,400.

She managed to apostasy and recover about $ 200 since then, and has currently traded at $ 1,600. According to Martinez, the main support of the original lies at 1528 dollars, with more than 4.8 million ETH collected from 2.61 million titles.

$ 1,528.50 is the main support level for #ETHEREUMWhere it accumulates 2.61 million titles more than 4.82 million $ ETHAs shown in the data on the series from @inotheblock. pic.twitter.com/hrnfadqqcr

Ali (ali_charts) April 16, 2025

If this decisive support fails, the ether may drown to $ 1100. However, some encryption analysts remain upward on assets despite the constant correction and sale. As I mentioned earlier, Karl Moon said that Ith was trying to get out of a convergence channel, which could lead to an increase to $ 3,000 if there is enough volume.

Beyond Galaxy Digital, Whales, Institutions, Retail Selling ETHEREUM: To what extent can ETH decrease? He first appeared on Cryptopotato.