Ethereum Surges 13%, But Ethereum Whales Offload 10,702 ETH: What’s Next for ETH?

Ethereum whales have created a selling pressure wave in the crypto market, liquidating large ETH holdings worth $16.86 million in transfers over the past three days. As these whales sold into the rise, bearish on Ethereum’s recent recovery of 13% from the $1,400 lows, a sense of volatility began to grip the market. Blockchain data revealed that one dormant whale, active since 2016, offloaded 10,702 ETH at $1,576 per token, giving birth to inquiries about the timing and purpose of such actions. In the meantime, analysts point to mixed sentiments, with some seeing this as a medium-term accumulation opportunity within a favorable risk-reward relationship.

Ethereum Whales Impact Crypto Market Amid Price Volatility

The Ethereum market is undergoing deep volatility due to increased operating selling pressure from long-term Ethereum whales that started offloading ETH. In the past three days, the well-known transaction was conducted by an inactive whale who sold 10,702 ETH at $1,576 per token, worth about $16.86 million, with the whale being dormant since 2016 after an acquisition of ETH at just $8. In a matter of pressure, the Ethereum price has recovered by more than 13% from the recent troubling low of $1,400-$1,612.

Some analysts, such as Ali Martinez, state that this can be an accumulation opportunity for contrarian investors due to favorable risk-reward parameters. Falling wedge patterns experienced in technical indicators also suggest possible bullish reversals. Spot Ether ETFs approved by the SEC would have provided a strong positive voice for Ethereum’s price and institutional participation. Still, the present market sentiment is skeptical, and investors remain buoyed by macroeconomic uncertainties. Nonetheless, Ethereum has remained lively with a trading volume increase of 36% past $35 billion, which means some interest is still rolling in the market. In total, Ethereum price dynamics are impacted by whale activity as well as broader market conditions, creating an advantageous situation for future gains or declines.

Ethereum Price Prediction For April 10, 2025

Ethereum’s price movements reveal key technical patterns influencing the Crypto Market. Ethereum initially found support around $1,384 before experiencing a breakout, leading to upward momentum. The price currently hovers near $1,693, showing a slight increment. Throughout the observed period, the MACD indicator displays several golden crosses, indicating bullish signals, followed by death crosses, suggesting potential trend reversals. 

Chart 1, analysed by Anushri Varshney, published on TradingView, April 10, 2025

The RSI oscillates between overbought and oversold regions, reflecting short-term saturation and potential buying opportunities. Specifically, around 01:25 UTC on April 9, the RSI indicated oversold conditions, preceding a price increase. Overbought conditions have set in, and there have been minor corrections in prices after 17:20 UTC and 18:35 UTC. These fluctuations indicate a game of tug-of-war between sellers and buyers, making Ethereum susceptible to breakouts and downtrends because of some aggressive Ethereum Whales and overall market dynamics.

Ethereum Price Outlook: Mixed Signals for the Future

The allure of the future Ethereum Price obviously cannot be denied since possibilities are rife about market movement owing to whale action, technical indicators, and macroeconomic causes. Of late, Ethereum Whales have sold off big time into selling pressure in the short term, yet analysts suggest this may be the start of a contrarian accumulation phase. Technicals tell us the falling wedge pattern may serve in calling for the formation of a bullish reversal supported by a rise in volume and institutional interest from the approval of spot Ether ETFs. 

In conclusion, the future trajectory of Ethereum’s price will take into account whale movement, technical developments, and regulatory clarity. This leaves Ethereum’s short-term outlook punctuated with volatility; however, the medium- and long-term outlook unquestionably stands tall for anyone betting on Ethereum’s foundational role in the DeFi and blockchain ecosystem.