Ethereum is facing renewed selling pressure as large wallets and retail traders increased spot and futures sell activity in early October, with Trend Research depositing 102,355 ETH (~$455M) since Oct 1, pushing exchange inflows and keeping ETH under near-term resistance.
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Trend Research sold 102,355 ETH (~$455M) since Oct 1
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Positive exchange netflow (81.7k ETH) signals heavy inflows and spot selling
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Momentum indicators (DMI, RVGI) show resilience; ETH near $4,590 with $4,673/$4.8k as upside targets
Ethereum selling pressure explained: learn why whales and retail are selling, current on-chain data, and what supports ETH — read market analysis and next steps.
What is causing Ethereum’s renewed selling pressure?
Ethereum’s selling pressure is driven by large-scale spot sales from entities like Trend Research and heightened retail selling in futures, which raised exchange inflows and increased netflow. On-chain monitors report 102,355 ETH (~$455M) deposited for sale since Oct 1, pressuring short-term upside.
How much ETH did Trend Research sell and what does CryptoQuant show?
On-chain trackers (EmberCN, CryptoQuant) show Trend Research deposited 102,355 ETH (~$455 million) since Oct 1, including 41,421 ETH (~$189 million) on Oct 5. CryptoQuant data also indicates a positive Exchange Netflow (~81.7k ETH), consistent with elevated inflows and selling pressure.
Key Takeaways
Why is Ethereum facing renewed selling pressure?
Trend Research has launched its second ETH sell-off, unloading 102,355 ETH worth $455M since the 1st of October.
Can Ethereum hold its ground despite whale and retail selling?
So far, yes. ETH remains resilient, trading near $4,590. If bulls absorb the sell pressure, ETH could retest $4,673 and aim for $4.8K.
Since the market rebounded, Ethereum (ETH) has slowly responded with moderate gains. Since hitting a low of $3.8k, ETH traded within an ascending channel, reaching a high of $4,619.
As of this writing, Ethereum was trading at $4,590 after a daily rise of 2.03%.
But why is ETH still struggling? The selling spree from large wallets and derisking among retail traders is the main factor.
Why are Ethereum whales offloading aggressively?
On-chain analysis identifies large spot orders after the market rebound. Spot Average Order Size metrics pointed to repeated big whale orders across several days, suggesting renewed participation from large holders.
Whale selling often signals reduced market conviction and can dampen sustained rallies if not absorbed by buyers.
Source: CryptoQuant (plain text)
EmberCN’s on-chain monitoring attributed a large portion of the deposits to Trend Research, which executed aggressive selling on Oct 1–5.
Since Oct 1, Trend Research deposited 102,355 ETH worth roughly $455M, including a 41,421 ETH (~$189M) tranche on Oct 5.
Source: EmberCN (plain text)
Exchange Netflow remained positive for consecutive days, reflecting higher inflows. Netflow at press time was ~81.7k ETH, highlighting aggressive spot selling into exchanges.
Source: CryptoQuant (plain text)
How are retail traders influencing the market?
Retail activity shifted to futures, where average order size data indicated dominant small-scale participation. CryptoQuant’s Futures Average Order Size and Futures Taker CVD metrics showed retail-heavy, taker-sell-dominant flows.
When Taker CVD is sell-dominant, it often indicates position closures and derisking among retail traders, adding to short-term downside risk.
Source: CryptoQuant (plain text)
Source: CryptoQuant (plain text)
Can ETH defy all odds?
Despite elevated selling, momentum metrics suggest resilience. The Directional Movement Index (DMI) rose from 20 to 28, and the Relative Vigor Index (RVGI) sits at ~0.22, pointing to strengthening upward momentum.
If bulls continue absorbing sell pressure, ETH could reclaim $4,673 and target $4.8k; a sustained break above $4.8k opens a path to $5k. Conversely, renewed heavy selling by whales could push support tests toward $4,415 and $4,248.
Source: TradingView (plain text)
Frequently Asked Questions
How much ETH did Trend Research deposit for sale?
According to on-chain monitors (EmberCN, CryptoQuant as plain text references), Trend Research deposited 102,355 ETH (~$455 million) since Oct 1, including 41,421 ETH (~$189 million) on Oct 5.
What on-chain metrics should traders watch now?
Watch Exchange Netflow, whale deposit patterns, Futures Taker CVD, and momentum indicators (DMI, RVGI) for early signs of selling exhaustion or renewed downside.
Key Takeaways
- Trend Research selling: 102,355 ETH (~$455M) deposited since Oct 1, elevating selling pressure.
- Exchange inflows: Netflow ~81.7k ETH, indicating significant spot selling into exchanges.
- Market outlook: Momentum metrics show resilience; reclaiming $4,673 and clearing $4.8k would be bullish, while heavy whale selling risks a decline toward $4,415–$4,248.
Conclusion
This on-chain analysis shows Ethereum selling pressure driven by large spot deposits and retail derisking in futures. While Trend Research’s offloads and positive netflows highlight near-term risk, momentum indicators suggest buyers are still absorbing supply. Monitor netflow, whale activity, and DMI/RVGI for the next decisive moves.
