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Highlights
- $1B in ETH profits taken this week, biggest since April crash, hinting at Ethereum price collapse.
- Whale transactions spike mirrors March collapse pattern, amplying risk of drop.
- Critical support zones extend from $2,069 to $1,872, a breakdown of which could lead to 35% drop.
- Next 48 hours are pivotal for Ethereum price due to weekend liquidity crunch.
Whale selling and bearish technicals suggest ETH could plummet to $1,752—here’s when the drop may accelerate.
Ethereum (ETH) price faces immense selling pressure after the $2,700 local top as blockchain data reveals investors cashed out nearly $1 billion in profits this week. Today ETH trades at $2,500, but whale transaction count spike shows that large investors are distributing their holdings. Technicals solidify this potential crash by flashing a bearish divergence sell signal.
According to Santiment’s Network Realized Profit/Loss (NPL) metric, shows $835 million worth of ETH tokens were moved on May 15. This indicator tracks daily coin movements, this represents the most significant profit realization since Ethereum price plummeted to $1,385 in April.
The selling aligns with a spike in whale transactions exceeding $1 million. Historical patterns show similar activity preceded April’s 35% crash, suggesting large holders who bought the dip are now exiting positions. This type of “buy low, sell high” behavior typically marks local tops.
Technical Warning Signs Flash Red
Two technical red flags suggest downside momentum is building:
- Bearish RSI Divergence: While Ethereum price set up higher highs at roughly $2,600 and $2,700, the Relative Strength Index recorded lower highs at 75 and 68. This non-conformity is termed bearish divergence, which is a classic reversal signal.
- Supply Zone Retest: The $2,700 to $2,900 area represents where institutional sell orders clustered in February before ETH’s 35% March collapse. This week’s rejection at $2,738 indicates history may rhyme.
Ethereum Price Prediction: Critical Levels to Monitor
ETH trades today at $2,500 and is vulnerable to a crash over the weekend when liquidity levels are typically low.
- If historical patterns hold, Ethereum could face the immediate support zone, extending from $2,069 to $1,872, which is March’s demand zone.
- A worst-case scenario could see Ethereum price revisit May low at $1,752, representing a 35% downside possibility.
Market participants should note that in March, ETH fell 35% in two weeks after breaking a similar technical structure. The $2,069 to $1,872 bullish breaker zone — where former resistance became support, and this zone held firm during April’s crash, showing why it is crucial.
Conclusion: Navigating ETH’s Make-or-Break Moment
With multiple indicators flashing warnings, Ethereum price forecast hints it is vulnerable to correction. While the uptrend remains intact, traders should prepare for potential tests of $2,069 support before new buying opportunities emerge.
Ethereum’s price action at $2,700 will prove pivotal. The current structure suggests that sellers control the short-term narrative, with technicals pointing to a 20-35% downside risk if key levels fail.
Frequently Asked Questions (FAQs)
1. Why is Ethereum's price facing selling pressure?
2. What technical indicators suggest a potential crash?
3. What are the key support levels for Ethereum?
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