Ethereum Price and Whale Activity
Ethereum (ETH) price is $3,820 today, rising 2% on Thursday. Large holders, called whales, have added over 200,000 ETH since Saturday. This pushed their total holdings above 22.31 million ETH, according to CryptoQuant data.
While whales keep buying, smaller holders are selling. Wallets holding 100 to 1,000 ETH and 1,000 to 10,000 ETH have reduced their balance by about 140,000 ETH.
Market and On-Chain Trends
- Ethereum net inflows to exchanges have increased. The 7-day average rose from -47,000 ETH to 9,200 ETH.
- More ETH is being deposited to exchanges, suggesting selling pressure.
- Active wallet addresses and transaction counts have declined since October 17.
- The weekly average of active addresses dropped below 400,000, and transactions fell under 1.5 million.
- Ethereum open interest in derivatives remains low, under 11.5 million ETH since October 10.
These trends show cautious sentiment among traders and investors.
Ethereum Price Outlook
ETH struggles to hold the $3,815 support level, facing resistance at the 100-day Exponential Moving Average (EMA). If it falls below $3,815, prices could drop toward $3,660 or even $3,470 near the 200-day EMA.
On the upside, ETH needs to break above $4,100 and the 50-day EMA to restart an uptrend. Current indicators like the Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) show bearish momentum.
In the past 24 hours, $115.9 million in ETH futures were liquidated. This includes $62.8 million in long positions and $53.1 million in shorts, says Coinglass data.
