Ethereum Whales Show Mixed Signals as Price Drops
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Written by
Simonas Brazionis - Updated 2026-03-20 13:04:19
Ethereum has given back most of its recent gains, with the price slipping again after a short recovery. The broader market pressure has pushed ETH below the $2,200 level, and over the past 24 hours it has declined by around 2%. At the time of writing, Ethereum is trading near $2,146.
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Large Holders Split Between Buying and Selling
On-chain data shows a clear divide among major investors. Some large holders are accumulating ETH, while others are choosing to exit their positions.
One whale spent approximately 36.75 million USDT to purchase over 17,000 ETH, adding to a larger accumulation earlier in the week. This wallet is believed to be connected to a well-known early crypto figure, and overall buying activity from related addresses has reached over 100,000 ETH in recent days.
At the same time, other whales have been moving funds off exchanges, increasing their holdings and signaling confidence in the asset.
Some Investors Take Losses While Others Secure Profits
Not all large players are bullish. One early Ethereum participant who recently bought thousands of ETH decided to sell part of their position at a loss of around $760,000, indicating uncertainty in the short term.
Meanwhile, another major wallet linked to a past exploit sold more than 5,000 ETH, locking in a profit of roughly $935,000. This shows that while some traders expect higher prices, others are taking advantage of current levels to exit.
Market Uncertainty Drives Mixed Behavior
The contrasting actions among whales highlight the current uncertainty in the market. Some investors see the recent dip as an opportunity to accumulate, while others prefer to reduce exposure due to ongoing volatility.
This split in strategy reflects a market that has not yet chosen a clear direction, with both bullish and cautious sentiment present at the same time.
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