Ethereum’s price continues to hover near the $1,700 mark, struggling to break out of its current range. Despite several attempts to push higher, the asset has failed to gather significant momentum — triggering a wave of sell-offs from large investors, or “whales.”
According to data from beincrypto, wallets holding between 100,000 and 1 million ETH have sold more than 1.19 million ETH in just the past three days — a value exceeding $1.8 billion. This aggressive move by Ethereum’s largest holders indicates a clear shift in sentiment, as whales appear to be reducing exposure to limit potential downside.
These sell-offs have added to the existing bearish pressure, pulling Ethereum’s price lower and shaking investor confidence. For many, this signals a growing lack of optimism around ETH’s near-term recovery potential.
MVRV Data Signals Deepening Losses
Adding to the bearish narrative, the Market Value to Realized Value (MVRV) Long/Short Difference — a key profitability indicator — currently sits at a deeply negative -29%. This suggests that long-term ETH holders are holding at a loss, and could be waiting for a more favorable macro environment before re-accumulating.
Meanwhile, short-term holders (STHs) tend to sell quickly when in profit, compounding Ethereum’s volatility and weakness.
What’s Next for Ethereum?
With whale sell-offs mounting and long-term holders under pressure, Ethereum appears stuck in limbo. A breakout above $1,700 could reignite bullish momentum, but without a major shift in macro conditions or demand from institutional buyers, the path forward remains uncertain.
For now, Ethereum traders will be watching whale activity closely — as any further dumping could drag ETH to lower support levels.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/ethereum-whales-dump-1-8b-in-eth-as-price-stalls/