{"id":38320,"date":"2026-03-17T09:50:41","date_gmt":"2026-03-17T09:50:41","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=38320"},"modified":"2026-03-17T09:50:41","modified_gmt":"2026-03-17T09:50:41","slug":"ethereum-withstands-800m-in-selling-remains-on-track-for-breakout","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=38320","title":{"rendered":"Ethereum withstands $800M in selling, remains on track for breakout"},"content":{"rendered":"

ETH markets absorbed $800M in selling for just the past week. Some of the recent selling came from high-profile whales, but ETH still improved its sentiment.\u00a0<\/b><\/p>\n

ETH now stands just below a key resistance level at around $2,300, potentially sparking more expansion to the $2,400 range. The token grew despite the recent selling from whale wallets, absorbing $800M in the past week.\u00a0<\/span><\/p>\n

\"ETH
ETH expanded in the past week, despite absorbing $800M in selling from whales. | Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

The Ethereum fear and greed index switched to <\/span>67 points<\/span><\/a>, signifying greed for the first time since January. ETH open interest also increased to levels not seen since early 2026, breaking above $14B for the first time in months.\u00a0<\/span><\/p>\n

Following the recent general market recovery, ETH showed that the pessimism was unwarranted, and the token quickly returned to higher demand.\u00a0<\/span><\/p>\n

ETH whales are repositioning for a better average price<\/span><\/h3>\n

The recent whale selling does not necessarily mean an abandonment of ETH. During past bull cycles, whales rebalanced their portfolios to achieve a lower average price. ETH whales are showing they may be here to stay, using the token as a source of staking<\/a> passive income.\u00a0<\/span><\/p>\n

As a sign of long-term interest, the Ethereum validator queue still has over 3M ETH waiting, with an average waiting time of 52 days to start as a validator node. There are also no signs of whales <\/span>exiting<\/span><\/a> the Beacon chain contract. Over 31% of ETH is staked, for a total of 37.7M.\u00a0<\/span><\/p>\n

As the Ethereum ecosystem matured, panic-selling is now rarer, as well as large cascading liquidations. Some ETH-based loans were liquidated or caused forced selling, but overall, ETH retains significant long-term confidence.\u00a0<\/span><\/p>\n

Long-term ETH holders may be facing some price pressure, as only 38% of the supply is held with unrealized gains. However, the recent market conditions show Ethereum can absorb the selling, and some whales intend to hold.\u00a0<\/span><\/p>\n

The amount of ETH held in strategic reserves is up to <\/span>7.27M ETH<\/span><\/a>, breaking above 6% of the supply. <\/span>Bitmine<\/span><\/a> continued to buy more ETH in the past month, holding 4.5M tokens and now up to 75% of its target treasury.\u00a0<\/span><\/p>\n

ETH rally boosts DeFi activity<\/span><\/h3>\n

ETH at a higher price range remains beneficial for DeFi activity. Currently, a big liquidation cluster stands around $1,891 per ETH, mostly affecting Compound loans.\u00a0<\/span><\/p>\n

With the current breakout above $2,300, there is no danger of a dip to a lower range. Value held in the Ethereum ecosystem expanded to $59B from recent local lows, while DeFi in general locked in $99B.\u00a0<\/span><\/p>\n

ETH remains the backbone of DeFi lending, while posting over 2M daily transactions, near an all-time peak. The long-term prospects of the network also led to record-low exchange reserves of just 15M ETH. <\/span>Whales<\/span><\/a> are also moving in to buy ETH at lower prices and withdraw from exchanges. <\/span><\/p>\n

Still letting the bank keep the best part? Watch our free video on being your own bank<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

ETH markets absorbed $800M in selling for just the past week. Some of the recent selling came from high-profile whales, but ETH still improved its sentiment.\u00a0 ETH now stands just below a key resistance level at around $2,300, potentially sparking more expansion to the $2,400 range. The token grew despite the recent selling from whale […]<\/p>\n","protected":false},"author":1,"featured_media":38321,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[],"class_list":{"0":"post-38320","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ethereum"},"yoast_head":"\nEthereum withstands $800M in selling, remains on track for breakout - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=38320\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum withstands $800M in selling, remains on track for breakout - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"ETH markets absorbed $800M in selling for just the past week. 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