Ethereum (ETH) $2,485.07 A significant sales pressure has been observed in the market recently. The price declined to around 2,500 dollars after peak at $ 2,700. Data on Blockchain reveal that investors turn about $ 1 billion in cash in this week’s movements. These developments have raised the concerns that there may be more decreases.
Sales of big investors attract attention
According to market analyzes, a significant portion of the pressure on the price of Ethereum stems from the sales of the accounts, ie “whale”. In particular, transactions exceeding $ 1 million are increased. Such transactions have been interpreted as a strong sales signal in the market.
Network Realized Profit/Loss (NPL) Metric announced by the centimeter shows that Ethereum of $ 835 million on May 15 is moving. This amount has been recorded as the most significant profit realization since the major price decrease in April. It is stated that the periods when whale processes increase similarly had experienced just before the serious price decreases in the past.
According to the Santimement statement: “Ethereum transfer worth $ 835 million on May 15 is the realization of the biggest profit since last month’s price decrease.”
Some of these sales are due to the fact that large accounts that previously made purchases during the price decrease are closed. Past data show that such large sales may adversely affect prices in the short term in the market.
Technical indicators and possible price scenarios
Existing technical analyzes show that there is a signal of a decrease on Ethereum. The technical appearance called “Bearish Divergence olumed in the graphs indicates that sales pressure may increase. Experts evaluate that the price may decline especially to $ 1,752.
It aims to predict the future price movements by taking into account the indicators such as technical analysis, price and transaction volume. It is currently suggested that these indicators draw a negative picture. Therefore, it is emphasized that investors should act cautiously in the market.
According to a market analyst: “Technical indicators give signs that more downward movement is possible in the near future.”
With the transfer of whale accounts, the merger of negative signals in the technical analysis is that new bottom levels can be tested in Ethereum price. In particular, the $ 1,752 level is considered as a prominent support point in the market.
Experts emphasize the harsh price movements in the past under similar conditions in the past, stating that sudden changes in the market may affect investors’ decisions. It is predicted that some investors can make short -term panic sales in such cases.
The recently observed whale sales and negative signs in the technical indicators in the Ethereum market have led to an increase in volatility in the price. Large profit realization and intense movements in recently appear to increase the risk of high fluctuation in prices. Investors are advised to be careful in existing market conditions and to benefit from past experiences, especially during periods of major sales. In periods of high price volatility and market sensitivity, developments should be closely monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
