The Ethereum
The Ethereum 
$1,601 price has resurfaced in discussions as major investors have engaged in loss-selling activities. The potential return to the $1,500 level further emphasizes the market’s short-term directional search. Market participants are analyzing both technical and on-chain data, leading to various scenarios. These price fluctuations have created a cautious atmosphere among traders.
Whale Sales and the Loss Wave
Recent on-chain data reveals significant movements within the Ethereum market. Particularly concerning is the activity of large wallet holders who have been selling at a loss within the $1,550 to $1,700 range, which has directly influenced market direction. These sales have exerted considerable psychological pressure on investors. One notable example involves an investor who purchased Ethereum at $3,816 about 11 months ago, now selling 1,160 ETH at $1,580. This transaction resulted in a staggering 58.6% loss, highlighting the immense pressure on the market structure. Such losses raise questions about Ethereum’s long-term performance, prompting some investors to reassess their positions. However, aggressive buying moves from certain investor groups are also noteworthy. According to CryptoGoos, a purchase of approximately 77,000 ETH was recorded, with a trading volume of around $125 million. These movements indicate that investors have not completely lost interest in Ethereum.
Technical Indicators and Varied Interpretations
The volatility in Ethereum prices goes beyond just investor behavior. Various opinions emerge from technical analysis. Analyst CrypNuevo points out the formation of a consolidation phase within the $1,700 to $1,550 range, relating this price range to similar structures in the past. He also notes that Bitcoin 
$84,642’s weekly EMA support zone could provide bullish signals for Ethereum. Another analyst named Belle observes that the trend lines and rising momentum seen in weekly charts offer positive signals for Ethereum. While there may not be a clear bullish signal in technical indicators, some experts believe that potential crossovers could enhance upward potential. IncomeSharks emphasizes the importance of profit realization during rally periods, arguing that constant buying does not always yield profits. These statements underline that the market faces both short-term volatility and long-term uncertainty. Market participants tend to adopt more cautious and data-driven approaches with each new movement.
