Ethereum where selle-up -ff 20,000 ETH, merchant eyes on $ 2200

Amid the constant uncertainty in the market, coding whales appear unstable origins, as shown in their recent behavior. On February 14, 2025, Lokenchain participated in tracking Blockchain transactions on X (formerly Twitter) and revealed that the giant whale had been thrown 20,000 ETHEREUM (ETH), at a value of $ 52.84 million, to exchange the cryptical currency Kraken.

Whale dumps 20,000 ethereum (ETH)

With this discharge, the whale currently has 50,874 ETH with a value of $ 134.80 million. However, looking at the post, this appears to be not the first time that this ETH whale is thrown. Another discharge was noted on January 16, 2025, when Kraken witnessed the sale of 20,000 ETH at a value of $ 67.60 million.

In the encrypted currency market, a large emptying of any assets of the ability to create sale pressure and pay payment prices.

Ether is the current price

However, the ETHER price appears to be affected, as it has now decreased by 1.10 % over the past 24 hours, as trading is being traded near the level of $ 2,655. Coinmarketca data reveals that this large discharge, along with the continuous market morale, appears to affect the market participants, which leads to a 10 % decrease in the trading volume.

Merchants look at Skyrockerts

With this landfill, traders are betting strongly on the negative side, believing that the price will not rise in the coming days, as the analysis company reported on the series Coinglass. The data from the ETH ETHER Exchange map shows that traders who occupy short centers dominate assets, with excessive jobs at the level of $ 2700, and a total of $ 510 million.

Meanwhile, the number of traders who occupy long jobs at the level of $ 2615 is excessive, with $ 109 million in open positions. These long and short situations will be filtered as soon as the price moves in either direction.

When combining “huge and traders” bets, the bears are currently dominating, which increases the possibility of a significant negative impact on the price of the original.

ETHEREUM (ETH) work and upcoming levels

According to expert technical analysis, Eth It is currently integrated into a narrow range at the decisive support level near $ 2,550.

Based on the latest price procedures, if ETH maintains this support, there is a strong possibility that the original will rise. On the other hand, if ETH fails to keep this level and close a daily candle less than $ 2,500, it may decrease by 10 % to reach the level of $ 2220 in the near future.