Ethereum tests $4.4K as whales spark ‘danger zone’ ETH sell-off!

A single whale offloaded 45,000 ETH worth $208 million, signaling growing caution around $4,800 resistance.

If $4,430 support breaks, ETH could drop 12% toward $3,860, though weak ADX hints at limited downside momentum.

Ethereum [ETH] traders are on alert as whale activity stirs fresh volatility across the market.

A major holder has offloaded tens of thousands of ETH in recent days, coinciding with a sharp price pullback from a key resistance zone.

With technical charts flashing early warning signals and on-chain data showing weakening network activity, AMBCrypto breaks down whether this could mark the start of a deeper correction.

Whale offloads $70 million on Bitfinex

Source: SpotOnChain

The average selling price was $4,612, and despite the sell pressure, the whale still holds 70,785 ETH, worth $332.4 million across four wallets.

This activity coincided with ETHs 5% intraday drop, as the asset struggled to sustain momentum above the $4,860 resistance zone.

At press time, ETH traded at $4,490, down 4.7% over 24 hours, with a 26.6% rise in trading volume to $57.16 billion, according to CoinMarketCap.

Rising volume amid falling prices showed increased sell-side participation, often seen in corrective phases.

Bearish pattern forms near key resistance for ETH

Source: TradingView

If this floor breaks, technical setups indicate a potential 12% correction toward $3,860, though failure to break support could trigger range-bound movement or a short-term relief bounce.

The Average Directional Index (ADX) stood at 21, as of writing, below the 25 trend-strength threshold, showing weak directional momentum.

Meanwhile, the Supertrend indicator remained green, suggesting the broader uptrend remained intact despite near-term volatility.