ETH under pressure drops to $2856: large investors taking profits and exiting, spot ETF experiencing continuous net outflows

2025-12-18 22:20:10

Abstract generation in progress

【Crypto World】Ethereum’s days this week haven’t been easy. The price has been steadily declining, approaching $2,856, with a weekly drop of 10%, and selling pressure continues.

On-chain data reveals a key move: a large holder transferred 17,823 ETH to a major exchange yesterday, worth approximately $51.4 million. What does this operation mean? Based on the timing, they are cashing out at this price level, with unrealized gains of about $15.36 million. Simultaneously, spot ETF outflows are ongoing—net outflows for five consecutive days, totaling $533.25 million, with total fund assets shrinking by $4 billion.

But there is also good news. The net inflow to exchanges has dropped significantly to -47,100 ETH, indicating what? The selling pressure is waning. Although momentum indicators remain weak, this signal suggests that market panic may be dissipating. From a technical perspective, the Fibonacci retracement level around $2,807 has become a key support.

ETH2.3%

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zkNoob

· 12-18 22:49

The big players have run away, but on the other hand, the weakening of the selling pressure is a good sign.

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BrokeBeans

· 12-18 22:47

It's really painful that big players are fleeing, but no one is selling despite such a sharp drop? This is probably a sign of the bottom. At the $2807 level, buy as much as you can.

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MetaReckt

· 12-18 22:46

Big players this wave of cashing out, I see through it, they are just scared. 51.4 million USD says run and they run, leaving us retail investors to hold the bag and fight it out? Wait, has the net inflow reversed? Now that's a real signal, indicating the bottom is really coming. ETF has been bleeding 4 billion continuously, oh my... How much more does it need to fall to stop the bleeding? The 2807 level is interesting, want to place a bet? Anyway, we're already losing. Big players have run, but spot ETFs are still bleeding, feels like no one wants Ethereum anymore... Selling pressure is easing? Then I’ll just endure a bit more, hold on tight.

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MultiSigFailMaster

· 12-18 22:40

The big players' moves this time are genuine. They take profits when things look good, while we retail investors are still bottom-fishing. They've already popped the champagne. There's no need to worry too much about the ETF bleeding continuously; once the institutions cut their losses, it will naturally stabilize. Around 2800 should be the bottom, right? Anyway, I won't sell. Let's see who can't hold on first.

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