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Ethereum Under Pressure as Major Holders Offload 14,000 ETH
Two prominent wallets have liquidated a substantial amount of ETH in rapid succession over the past two hours, totaling 14,000 tokens valued at approximately $40.8 million.
The breakdown shows wallet 0x2802 moving 10,000 ETH ($29.16M) through decentralized exchange channels at around $2,915 per token. Meanwhile, wallet 0x4c0A executed a 4,000 ETH position ($11.66M) across multiple centralized platforms including several major exchanges and Gate.
This coordinated supply injection signals meaningful selling momentum entering the market. Short-term volatility appears likely as these large holders continue repositioning, creating noticeable headwinds for ETH price stability. Traders should monitor order flow patterns and exchange inflows closely during this period.