Will Ethereum $ 1700 testing while whales turn down?

Ethereum faces increased pressure, indicating a potential momentum amid the growing whale activity. Will this lead to the new decline in ETH prices?

Struggle near the brand of $ 1900, ethereum A new week starts less than 2000 dollars first since November 13, 2023. In the direction of the uncertain market, the ETH price procedure has created a unification range.

With increasing tension within the range and increasing whale movements, ethereum is about to get sharp. Will this collapse be 2,200 dollars, or will it lead to an estimate of $ 1700?

Institutions graduate from ethereum etfs

During the past week, the weekly flow From the United States Ethereum Spot Etfs was 143.13 million dollars. This represents the third weekly flow in a row.

On March 14, the daily flow was at $ 35.30 million. Since February 20, ETHEREUM Spot has registered one day of flow on March 4.

In March, external flows amounted to 262.96 million dollars. Amid the increasing external flows, the tremendous decrease in institutional support warns of a possible collapse in the ETH price.

Decrease in whale whales

Since Ethereum Spot Etfs records huge external flows, whales also drop the symbols symbols. Ali Martinez’s encryption analyst highlighted a huge flow from 130,000 ETH last week by encryption whales.

The whales moved over 130,000 #ETHEREUM $ ETH Last week! pic.twitter.com/lrin2npj8l

Ali (ali_charts) March 17, 2025

This depends on data from Cryptoquant, which highlights the ETHEREUM balance with a standing value. Last week, the portfolio with 1K balances fell to 10K ETH from 12.87 million to 12.74 million.

More whales turn into an ethereum landing

In addition to the landmarks, the encryption whale returned to the market after three years of stillness to sell Ethereum. The whale wallet sold 1.014 ETH at a value of $ 1.92 million earlier today.

A wallet just sold all 1,014.67 $ ETH(1.92 million dollars) after being sleeping for 3 years, with a profit of only 126 thousand dollars.

I bought this portfolio 1,014.67 $ ETH($ 1.8 million) at an average price of $ 1771 and kept it for 3 years, with an unintended profit of $ 2.3 million per peak.https://t.co/ebjp4dlywh pic.twitter.com/niglhmjazy

– Lookonchain (@swearonchain) March 17, 2025

In the midst of the long period of retention, the whale managed to reserve a profit worth only 126,000 dollars despite the recent low prices. The whale acquired ETHEREUM at an average price of $ 1771, with uninterrupted profit of $ 2.3 million in the market.

Moreover, a giant whale to open Even a short position in the Eth BTC trading pair. The whale withdrew 3644 CBTC with a value of $ 304 million from Coinbase.

After withdrawing, the whale provided 3,034 CBTC with a value of $ 253 million on AAVE. Finally, the whale borrowed 79,638 ETH with a value of $ 152 million from AAVE to deposit on Coinbase.

Ethereum in a range that approaches the keys resistance

As the declining elements in ETHEREUM are continuing, the standardization range remains in the price scheme for 4 hours. Currently, the short -term monotheism is approaching the resistance line at the center’s axis level at $ 1931.

Since the market’s feelings remain declining, the possibility of a specific gathering for ETHEREUM is very limited. Moreover, the resistance direction line kept three emerging attempts to choose, which led to the fall under the $ 2000 sign.

Currently, the 1850 -dollar psychological brand works as the decisive support level for the scope of monotheism. In the event of a breakdown, the decisive support for Ethereum is $ 1754.

On the upscale front, it can challenge the Retament between the EMA for 100 days near the brand of $ 2083.