Ethereum Whales Offload 28,500 ETH Amid Key Support Test

2025-12-17 15:36

Ethereum (ETH) experienced significant selling pressure as large holders sold over 28,500 ETH, including 14,585 ETH from a wallet associated with Konstantin Lomashuk. Despite this, ETH maintained its position above the critical $2,882 support level, consolidating around $2,957 on KuCoin. On-chain data indicated concentrated selling activity across both decentralized and centralized exchanges, with liquidity concentrated above $3,000 on a high liquidity platform. Traders are closely monitoring the $2,882 support and RSI stabilization for future price direction.

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