ETH WHALES SELL $880 MILLION IN ONE WEEK
Large-scale holders have offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market.
This heavy selling volume has successfully pushed Ethereum below its immediate $1,633 support floor.
The market is now testing critical volume support at $1,583. According to URPD data, failing to hold the $1,583 baseline opens a clean path for extended liquidations.
If this distribution trend continues into next week, the next high-volume demand targets for $ETH sit much lower at $1,237 and $1,089.
$ETH #IRGCSaysItStruckKuwaitAndBahrain
Large-scale holders have offloaded roughly 550,000 ETH over the past week, injecting $880 million in sell-side supply into the market.
This heavy selling volume has successfully pushed Ethereum below its immediate $1,633 support floor.
The market is now testing critical volume support at $1,583. According to URPD data, failing to hold the $1,583 baseline opens a clean path for extended liquidations.
If this distribution trend continues into next week, the next high-volume demand targets for $ETH sit much lower at $1,237 and $1,089.
$ETH #IRGCSaysItStruckKuwaitAndBahrain