"Ether (ETH) sees a decrease in whale activity on major exchanges, trading approximately 2M ETH in large transactions over the past 45 days. Current weekly
Title: Slowing Whale Activity and Bearish Streak Raise Questions for Ether's Price Direction
**Summary**
- Ether (ETH) whale activity on major exchanges has decreased since the start of 2026, with approximately 2 million ETH traded in large transactions over the past 45 days.
- Ether is currently experiencing its longest weekly losing streak since 2022, with exchange flow trends and futures market liquidation data influencing investor expectations for Ether’s short and long-term price direction.
**ETH Whale Activity Decrease**
- The average ETH whale sell orders on Binance have fallen to around 1,350 ETH in recent weeks, down from roughly 2,250 ETH in early January.
- This decrease in order size suggests a gradual disengagement from larger participants, according to analyst Darkfost.
- Assuming 15 to 35 whale-sized executions per day, the cumulative gross sell-side turnover since Jan. 8 is estimated at around 1.8 to 2 million ETH over the past 45 days.
**Gross Traded Volume and Average Order Size**
- Using an average price of $2,400, this activity equates to roughly $4.3 billion to $4.8 billion in large-order executions.
- However, it is important to note that this figure reflects gross traded volume, not confirmed net outflows, as part of the flows may relate to hedging or liquidity provision within the derivatives market.
**Market Depth and Liquidation Data**
- With fewer large resting orders, Ether’s capacity to absorb sharp price imbalances narrows in the short term.
- Futures market liquidation data shows more than $2 billion in short positions clustered around $2,000, creating a dense liquidity pocket that may act as the near-term magnet for Ether price.
- On the downside, approximately $682 million in long positions remain at risk if Ether drops to $1,600, indicating thinner liquidity compared to the upside cluster.
**Accumulation and Demand**
- Parallel to exchange flows, ETH accumulation addresses added more than 2.5 million ETH in February as the price fell about 20%.
- Total holdings climbed to 26.7 million ETH from 22 million at the start of 2026, signaling steady demand beneath the surface.
**Potential for a V-Shaped Rebound and Key Resistance**
- Crypto trader RickUntZ sees potential for a V-shaped rebound from current levels, citing signs of underlying demand in the current structure.
- However, data suggests that the $2,000 liquidation band remains the next key resistance to break.
**Related Developments**
- The Ethereum Foundation starts staking ETH as client diversity concerns persist.
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