Ethereum prices have recently been under continuous pressure. Against the backdrop of whale sell-offs and capital outflows, technical patterns are signaling a bearish outlook. Overall, ETH has been trading within a symmetrical triangle for several months, but the price has failed to rebound effectively, raising concerns about further declines.
Data shows that over the past week, Ethereum’s price has fallen approximately 2.5%, retreating more than 5% from this month’s high. Currently, it hovers around $3,100, nearly a 40% retracement from its all-time high. From a capital structure perspective, selling pressure mainly comes from high-net-worth addresses. Santiment data indicates that since mid-December last year, the number of addresses holding between 10,000 and 1 million ETH has been steadily decreasing, suggesting that whales are systematically reducing their holdings. Such behavior often amplifies market sentiment volatility and exerts psychological pressure on small and medium investors.
Institutional movements are also relatively weak. In recent trading days, there has been a noticeable outflow of funds from the US spot Ethereum ETF, totaling over hundreds of millions of dollars, reflecting a short-term decline in institutional risk appetite. Under this environment, retail investors generally choose to stay on the sidelines, and market liquidity is shrinking accordingly.
On-chain fundamentals also show a decline in activity within the Ethereum ecosystem. Data from DeFiLlama indicates that the total value locked (TVL) in DeFi on the Ethereum network has significantly decreased from its peak last year, implying a temporary reduction in capital efficiency and protocol attractiveness. Meanwhile, the derivatives market has cooled down, with open interest in futures contracts shrinking substantially from its peak, highlighting a clear trend of retreat among speculative funds.
From a technical perspective, ETH’s daily chart remains at the end of a symmetrical triangle, with the $3,000 psychological level serving as a key support. If this level is effectively broken, the price could test the important support zone around $2,600. In summary, considering whale behavior, ETF capital flows, and technical patterns resonating together, Ethereum still faces short-term downside pressure, and a true trend direction may be imminent.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Stakes 50,000 ETH on Everstake Worth Over $116.97M
Gate News message, April 15 — According to Onchain Lens, a major whale has staked 50,000 ETH on Everstake, worth approximately $116.97 million.
GateNews3h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 15
Gate News message, according to the April 15 update, Bitcoin ETFs recorded a single-day net inflow of 4,566 BTC (approximately $337.41 million) and a 7-day net inflow of 6,753 BTC (approximately $499.04 million). Ethereum ETFs saw a single-day net inflow of 23,405 ETH (approximately $54.37 million)
GateNews5h ago
ETH 15-minute pullback of 0.60%: Long leverage getting liquidated at high levels as whale short-term selling aligns, driving the move downward
From 13:30 to 13:45 (UTC) on 2026-04-15, ETH recorded a -0.60% return at a short-term high, and the price fluctuated within 2317.79 - 2333.92 USDT, with an amplitude reaching 0.69%. In the preceding 24 hours, ETH had risen strongly, with the highest gain reaching 9.5%, and market attention noticeably heated up. The negative return during this period reflects a rapid shift in local sentiment in the high-price area.
The main driver behind this move is long liquidation profit-taking in the derivatives market and partial deleveraging (cutting) of local leveraged funds. In the ETH futures market over the past 24 hours, the shorts
GateNews5h ago
BlackRock Transfers 15,101 ETH and 566 BTC to Major CEX, Worth $75.96M
BlackRock recently transferred over $35 million in ETH and $41 million in BTC through its ETFs to a major CEX, totaling nearly $76 million in value.
GateNews7h ago
On-Chain Trader 0x049b Opens 20x Leveraged Long on BTC and ETH, Accumulates $5.17M Profit in Two Months
A trader known as 0x049b has opened a 20x leveraged long position, buying 269 BTC and 8,586 ETH. Over two months, they executed 47 trades, achieving a 63.83% win rate and a total profit of $5.17 million.
GateNews9h ago
Gate Idle Coin Wealth ETH 7-day fixed-term financial management additional reward pool is live; subscribe to enjoy a 10% annualized return bonus.
Gate News, according to Gate’s official announcement
Gate’s Yuebi Bao launches an ETH 7-day term wealth management product with an additional rewards pool. Subscription users can enjoy a 10% annualized return bonus. This rewards pool cumulatively provides 500,000 OFC in additional rewards, using a first-come, first-served mechanism.
The additional rewards will be distributed to users’ accounts on a daily basis in the form of an equivalent amount of OFC. The platform has an overall cap on the total activity rewards and a limit on the maximum amount each individual user can receive.
GateAnnouncement11h ago
