Whale Liquidates 4000 ETH for $11 Million Amid 16% Price Drop: Insights on Ethereum’s Volatility

ETH

ETH/USDT

$1,911.94

+0.90%

$1,911.94

+0.90%

(24s)

24h Volume

$5,803,841,282.98

24h H/L

$1,923.27 / $1,892.75

Change: $30.52 (1.61%)

Long/Short

63.5%

Long: 63.5%Short: 36.5%

Funding Rate

+0.0021%

Longs pay

Data provided by COINOTAG DATALive data

Ethereum

Daily

$1,908.22

▼ -0.50%

Volume (24h): -

Resistance Levels

Resistance 3$1,951.99

Resistance 2$1,931.52

Resistance 1$1,909.81

Price$1,908.22

Support 1$1,901.62

Support 2$1,847.10

Support 3$1,816.54

Pivot (PP):$1,908.97

Trend:Sideways

RSI (14):55.1

On February 4th, COINOTAG News reported a significant transaction involving the prominent whale wallet “0x5Fe…EF07C,” which divested approximately 4,000 ETH valued at around $11.01 million. This liquidation occurred just two hours prior and resulted in an estimated loss of $2.084 million. The whale recorded its purchase of Ethereum (ETH) at an average acquisition price of $3,273 about two weeks earlier. However, upon transferring the asset to a Centralized Exchange (CEX), the value had declined to $2,752, illustrating a substantial depreciation of nearly 16% during this timeframe.