Ethereum falls 15% as holders sell 160,000 ETH
Ethereum's price falls as whales dump holdings
In this article
Ethereum price decline
Ethereum's price decline is attributed to various factors, including the sale of large holdings 1. According to CryptoRank, the asset's value has decreased by roughly 15% over the past month 1. This decline has sparked concern among investors and traders. Ethereum's price is currently trading near $2,300 1.
The sale of large holdings has contributed to the downward pressure on Ethereum's price 2. Ali Martinez, a crypto analyst, notes that whale addresses have cut their holdings by approximately 160,000 ETH 2. This significant reduction in holdings has led to an increase in the supply of Ethereum available for sale. As a result, the price of Ethereum has declined 2.
The implications of Ethereum's price decline are significant for investors and traders 1. A decline in price can lead to a decrease in investor confidence, potentially resulting in further price drops. According to CryptoRank, some analysts warn that Ethereum's price could slide further to the key psychological level of $2,000 1.
Ethereum's price has fallen roughly 15% over the past month
Large holders sell ETH
Large holders have sold significant amounts of Ethereum, contributing to the downward pressure on its price 2. BigGo Finance reports that these sales have resulted in an increase in the supply of Ethereum available for sale 2. The daily chart appears to have broken out of a right-angled ascending broadening formation, a pattern that points to $2,000 if selling persists 2.
Generally, Ethereum's price implications are significant for the market 2. According to Ali Martinez, the next downside target for Ethereum is $2,000 2. This prediction is based on the analysis of the daily chart and the current market trends. Large holders' sales have driven down Ethereum's price 2.
Investors are keeping a close eye on large holders' actions 3. Coinpedia reports that the market has lost $68.75 billion in value over the past 24 hours 3. Investors and traders are worried about this significant decline in value. It is one of the factors driving the decline 3.
Crypto market decline
Recently, the market has experienced a significant decline in value 3. According to Coinpedia, it has lost $68.75 billion in value 3. This decline worries them. Bitcoin and Ethereum prices are closely tied 3.
The decline has significant implications 3. Michael van de Poppe, a crypto analyst, notes that Bitcoin has yet to show a clear bullish signal 3. Its chart shows BTC forming lower highs after falling from above $84,000 3.
Following this trend, $342.38 million in crypto positions were liquidated, affecting 83,748 traders 3. According to Coinpedia, liquidations have driven down prices. Traders are monitoring Bitcoin and Ethereum prices 3. Meanwhile, the decline has resulted in significant liquidations 3.
Ethereum foundation wallet
A dormant Ethereum Foundation wallet has made a significant sale 5. According to 24/7 Wall St., it sold 7,594 ETH, worth $17.8 million 5. They worry about this sale. The wallet had been inactive for over a year before selling 5.
Policymakers note that the Ethereum Foundation wallet's actions have significant implications 5. Lookonchain, an on-chain tracker, notes that the sale appears to be routine profit-taking rather than a sign of distress 5. The wallet had initially bought 200,000 ETH for $61,000 during Ethereum's initial coin offering 5.
Still, the Ethereum Foundation wallet's sale has resulted in a significant reduction in holdings 5. The company had been holding the Ethereum for over a year before the sale 5. Even so, the sale has driven down Ethereum's price. Large holders' actions are being monitored 5.
Ethereum price prediction
Currently, the Ethereum price prediction is around $2,000 2. According to Ali Martinez, the daily chart appears to have broken out of a right-angled ascending broadening formation 2. This pattern points to $2,000 if selling persists. The price prediction is based on the analysis of the daily chart and current market trends 2.
Furthermore, a decline in price can lead to a decrease in investor confidence, potentially resulting in further price drops. According to BigGo Finance, the next downside target for Ethereum is $2,000 2. The Fed is likely monitoring the implications of the Ethereum price prediction, which are significant for investors and traders 2.
Thus, the market has lost $68.75 billion in value over the past 24 hours 3. They worry about the Ethereum price prediction, which has resulted in significant worry 3. Coinpedia reports that traders are monitoring Ethereum's price 3.
Frequently asked questions
What is the current price of Ethereum?
The current price of Ethereum is around $2,300 1.
Why is the price of Ethereum declining?
The price of Ethereum is declining due to various factors, including the sale of large holdings 2.
What is the Ethereum price prediction?
The Ethereum price prediction is currently around $2,000 2.
About this article
Our system reads Bitcoin, Ethereum, crypto markets, regulation and DeFi coverage from established publishers every hour. A story is only written when at least three independent outlets report it. Every figure must appear in a cited source, and each draft passes automated checks for accuracy, originality and readability. Drafts that score highly on every check publish automatically; the rest wait for a human editor. Drafted with AI assistance from the sources listed. Not financial or professional advice.
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- CryptoRank: 3 Reasons Why Ethereum (ETH) Could Drop to $2,000 · Oct 29, 2026 ET
- BigGo Finance: Ethereum Slips Below $2,300 as Whales Dump $348 Million in ETH, Analyst Eyes $2,000 · Oct 29, 2026 ET
- Coinpedia: Bitcoin, Ethereum Crash Alert: BTC Risks $76K as ETH Eyes $2,000 · Oct 29, 2026 ET
- StreetInsider: Could an Iran War Send ETH Below $2,000? Ethereum Price Prediction Meets a 200x AlphaPepe Presale Breakout · Oct 28, 2026 ET
- 24/7 Wall St.: A Wallet Tied to the Ethereum Foundation Sold $17.8 Million in ETH After a Year Without Moving. Should Holders Worry? · Oct 28, 2026 ET
