Ethereum Price Under Pressure: Will It Maintain $1,500 Amid Whale Sell-Offs?

The article discusses Ethereum’s ongoing price struggles, currently trading around $1,587 as whale sell-offs signal bearish sentiment. It highlights key market conditions, with the potential for further price declines if support levels are breached. The article also addresses trading volumes, whales’ actions, and broader market implications for Ethereum’s future.

Ethereum’s price has faced challenges, fluctuating around $1,700 with limited upward momentum. A significant sell-off by Ethereum whales has been noted, further contributing to prevailing bearish sentiment. As of April 17, 2025, Ethereum (ETH) trades at approximately $1,587, reflecting a 0.78% decline in the last 24 hours, with moderate fluctuations between daily highs of IDR 27,080,311 and lows of IDR 26,072,313.

Ethereum’s market capitalisation has reached about $191.55 billion, and its daily trading volume has increased by 14% to $14.97 billion. Over the past three days, whale wallets holding between 100,000 and 1 million ETH have offloaded around 1.19 million ETH, worth over $1.8 billion. This trend indicates a shift towards minimising losses amidst slow price recoveries, solidifying a lack of confidence in ETH’s immediate price stability.

Short-term investors exhibit a propensity to realise profits quickly, contributing to ongoing volatility and downward price pressure. Ethereum’s macro momentum appears weak, as indicated by the negative MVRV Long/Short Difference at -29%, which illustrates profitability challenges for long-term holders. If the downward trend persists without any positive market catalysts, further price declines are anticipated.

Currently, Ethereum’s price hovers around $1,570, remaining above the critical support level of $1,533, despite failing to surpass the resistance at $1,700. If bearish sentiment continues, a drop below $1,533 could initiate a deeper bearish trend, potentially bringing the price down to $1,429. Conversely, should ETH successfully establish $1,625 as new support, this could signal a renewed attempt to breach the $1,700 mark, with potential upside growth towards $1,745.

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