Ethereum whale sell-off: roughly 90,000 ETH was moved within 48 hours—near $500 million—according to on‑chain data. Whales holding 1,000–10,000 ETH locked profits after a 6.53% dip, while price later rebounded modestly to about $4,510. (COINOTAG analysis)
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90,000 ETH moved in 48 hours, driven by profit-taking from large wallets
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On‑chain data (Santiment) links the sell‑off to a 6.53% ETH price pullback
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Fundstrat’s Tom Lee projects Ethereum could reach $5,500 by mid‑October
Ethereum whale sell-off: 90,000 ETH moved in 48 hours amid profit-taking; read COINOTAG’s concise analysis and outlook for ETH price action and key on‑chain signals.
What triggered the 90,000 ETH whale sell-off?
Ethereum whale sell-off activity accelerated after a short, sharp price pullback. On‑chain data from Santiment shows wallets holding between 1,000 and 10,000 ETH reduced balances, likely locking in gains when ETH dropped ~6.53% from a local peak.
Large wallets moved roughly 90,000 ETH within 48 hours, representing concentrated profit-taking rather than a distributed retail panic.
How did on‑chain data and price action align?
Santiment’s on‑chain metrics flagged a coordinated reduction in whale holdings coincident with the price decline from about $4,757 to $4,510. That 6.53% fall appears to have prompted profit realization from sizable holders.
After the sell‑off, Ethereum showed a modest rebound of about 1.42%, trading near $4,510 after hitting $4,548 earlier today. These moves suggest short‑term liquidity events rather than structural outflows.
How likely is Ethereum to reach $5,500 by mid‑October?
Ethereum price prediction scenarios are mixed but driven by macro catalysts. Fundstrat strategist Tom Lee (quoted via CNBC) forecasts a minimum move to $5,500 by mid‑October, citing anticipated Fed interest‑rate reductions as the primary trigger.
Tom Lee’s outlook assumes the broader risk‑asset lift from easing monetary policy. This projection is an optimistic scenario and depends on macro announcements and market liquidity conditions.
What are the short‑term technical and fundamental signals?
Short‑term technicals show a recent local high at $4,757 with a drawdown to $4,510 and a rebound to $4,548. Fundamental drivers include expected Fed rate decisions and macro liquidity.
| Metric | Value |
|---|---|
| Whale volume moved | ~90,000 ETH (48 hours) |
| Reported price drop | 6.53% (from $4,757 to $4,510) |
| Short‑term rebound | +1.42% to ~$4,510 (intraday high $4,548) |
| Price target cited | $5,500 by mid‑October (Fundstrat / Tom Lee) |
Frequently Asked Questions
How much value did the 90,000 ETH represent?
The 90,000 ETH moved within 48 hours equated to nearly half a billion dollars at prevailing prices, based on intraday ETH valuations around $4,500 per coin.
What on‑chain signals should traders watch next?
Track whale balance trends, exchange inflows/outflows, and short‑term realized profit metrics from on‑chain analytics platforms like Santiment (plain text reference) for early warnings.
Key Takeaways
- Concentrated profit-taking: 90,000 ETH moved by wallets holding 1,000–10,000 ETH, suggesting targeted profit realization.
- Price correlation: The sell‑off matched a 6.53% ETH dip; price later recovered slightly, indicating temporary pressure.
- Macro catalyst: Fundstrat’s Tom Lee links potential upside to Fed rate cuts; monitor policy announcements for directional bias.
Conclusion
This COINOTAG analysis finds the recent Ethereum whale sell-off driven primarily by profit-taking during a short 6.53% pullback, with on‑chain data signaling large wallet reductions. Market catalysts such as Fed policy remain the dominant variable for the near‑term Ethereum price prediction. Monitor on‑chain flows and macro updates for confirmation of trend continuation or reversal.
