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Ethereum Holds Near $4,500 as Whale Buying Clashes With Fresh Sell-Off

Institutional ETF demand underpins resilience despite signs of near-term selling pressure.

Overview

  • ETH traded in the mid-$4,500s over the weekend after an 8.84% weekly gain, with analysts flagging resistance near the $4,600–$4,742 zone.
  • Large wallets accumulated roughly 800,000 ETH over the past week, according to analyst Ali, signaling renewed interest from big holders.
  • On-chain monitor EmberCN reported an address tied to Trend Research deposited 102,355 ETH since Oct. 1, while CryptoQuant tracked a positive exchange netflow of about 81.7k ETH indicating active spot selling.
  • CryptoQuant data showed retail traders dominating futures with a taker sell bias, suggesting short-term derisking by smaller players.
  • Technical readings remained constructive, with RSI near 63 and a positive MACD, and analysts said a break higher could open paths toward $4,950–$5,200, as 2025 ETF adoption continues to support market structure.