Ethereum ($ETH) faces fresh selling pressure as large holders reduce their positions by around 550,000 $ETHwhich was worth nearly $880 million in the past week. scale of distribution This reflects increased vigilance among key market participants, resulting in an increase in the amount of supply entering the market.
As a result, Ethereum lost ground and slid towards the $1,560 support area highlighted on the daily chart. This decline also coincides with weakening market structure after Ethereum failed to regain higher resistance levels earlier this month.
Instead of attracting aggressive follow-through buying, each attempt at recovery faced fresh selling pressure.
Buyers are returning despite aggressive whale sales
Spot Taker CVD showed a different picture of whale activity.
At the time of writing, taker-by-dominant indicated that market buyers have regained control of executed spot orders despite large distributions from large holders. This change suggests that individual participants and small investors absorbed some of the additional supply flowing into the market.
Rather than disappearing after a decline, buying interest increased near the support level. Still, new demand had yet to break through as whale sales remained substantial throughout the week.
Buyers therefore faced the difficult task of overcoming sustained overhead supply before Ethereum established a stronger recovery.
Ethereum fights to protect key support
Ethereum revisited After completing a sharp decline from the $2,000 resistance area, it reaches the $1,560 demand zone.
The daily chart showed that buyers react every time the price approaches this area, preventing further plunges. This repeated defense suggested that levels continued to attract demand despite overall market weakness.
At the time of writing, the RSI remains below the neutral 50 level, registering around 33, indicating that bullish strength has not fully recovered. Nevertheless, the index remains above recent lows, suggesting that selling pressure has eased compared to previous crashes.
Price also continued to form a higher rebound from support, but still traded below the major resistance levels at $1,800 and $2,000. If buyers continue to defend the current zones, Ethereum could attempt another rally towards those resistance levels.
However, a loss of $1,560 could cause the market to fall further before stronger demand emerges.
Liquidity wall could shape Ethereum’s next move
Binance $ETHThe /USDT liquidation heatmap showed the greatest concentration of liquidity around the $1,590-$1,600 area.
These dense clusters of liquidations represent the closest obstacles to above the current market price, highlighting the potential for increased volatility if Ethereum continues to recover.
Price had already approached this area several times, but never produced a sustained breakout. This action indicated that sellers remained active around liquidity pockets even as buyers defended lower levels.
Clearing the $1,590-$1,600 cluster could trigger additional short liquidations and push the price to challenge the next resistance near $1,800. Otherwise, a repeated rejection within that zone would strengthen the case for a retest of $1,560 and buyers would have to absorb fresh selling pressure again.
can $ETH Do you want to take back control?
Despite heavy whale selling, Ethereum showed signs of stabilization as buyers defended the $1,560 support. Spot demand has also strengthened, and bright signs are starting to appear behind the scenes.
However, the market will likely need to overcome the $1,590 to $1,600 liquidity barrier for a broader recovery to proceed. Failure to overcome that zone could leave Ethereum trapped near support, increasing the risk of further downside tests.
Final summary
- 550,000 Ethereum whales distributed $ETH As buyers continued to absorb supply near the $1,560 support.
- Despite the whale selling, spot buying strengthened, while liquidity remained concentrated around $1,590 to $1,600.
