Key Takeaways
- Ethereum whales have withdrawn 200,000 ETH worth $780 million from exchanges over the past 48 hours, hinting that a potential reversal may be on the horizon.
- A potential Trump insider has also opened a 10x long position on ETH, strengthening the reversal signal.
- Price action suggests that an ETH reversal could occur only if the asset holds above the $3,700 level.
Ethereum whales are back in action as the ETH price continues to decline for the fourth consecutive day since October 27, 2025. Today, a crypto expert shared data from the on-chain analytics platform Santiment, revealing that whales have withdrawn a significant 200,000 ETH worth $780 million from exchanges over the past 48 hours.
In the crypto landscape, asset withdrawals typically indicate potential accumulation and are considered a bullish signal for asset holders.
Ethereum (ETH) Current Price Momentum
Despite the whales’ massive accumulation, the price continues to bleed, having not only lost the $4,000 mark but also plunged below the $3,900 level. As of press time, ETH is trading at $3,864, reflecting a mild 0.75% price decline today. During this period, trader and investor participation surged, as evident from the trading volume, which soared by 12% to $43.07 billion.
This surge in trading volume while prices struggle to gain momentum hints at strong downside pressure.
Potential Trump Insiders Open Long
Adding to the bullish sentiment, a potential Trump insider, who has been consistently making profits during market uncertainty, has just opened long positions in ETH and other assets.
According to a post on X, the potential insider has opened a 10x ETH long position on 13,419.12 ETH worth $52.54 million. This suggests that the market may rebound soon, just as it did previously in favor of the insider.
However, one more thing that stands out is that the long positions were opened when ETH’s price approached its key support level of $3,750.
Also Read: Bitcoin, Ethereum Crash to Worsen? Peter Schiff Warns of 2008-Style Financial Crisis
Ethereum Price Action and Technical Analysis
According to TimesCrypto’s technical analysis, ETH is currently approaching a key support level that has a history of triggering strong price reversals. On the daily chart, the asset has reached this support level more than four times since October 10, 2025, and each time it has experienced a price reversal.
Based on the current price action, if ETH holds above the key support level of $3,750, there is a strong possibility that the asset could repeat its history with another price rebound.
On the other hand, if the momentum fails and ETH falls below the key support level of $3,700, a quick sell-off could occur, potentially driving the price down to the $3,400 level.
At press, ETH’s Supertrend indicator continues with a red trend and hovers above the asset’s price, indicating that the asset is in a downtrend with strong selling pressure. Whereas, the Chaikin Money Flow (CMF) value has reached -0.02, indicating declining buying pressure and a possible continuation of bearish momentum.
