Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Whale Offloads $4M in Ether—Is a Bullish Breakout on the Horizon?

Whale Offloads $4M in Ether—Is a Bullish Breakout on the Horizon?

CryptonewslandCryptonewsland2025/09/26 09:03
By:by Patrick Kariuki
  • ETH dropped to $4,100 as derivatives activity and funding rates signaled heavy selling.
  • A whale sold $4M in ETH, repeating a pattern that previously preceded a rally.
  • Oversold indicators suggest potential relief rally if $4,100 support holds.

Ethereum — ETH , traders held their breath as a well-known whale moved heavy bags. A single wallet, famous for terrible timing, sold 1,000 ETH worth about $4.19 million. The move arrived as Ethereum slid from just below $4,500 to near $4,100 within hours. Markets shook, yet seasoned watchers spotted sparks of opportunity. When a notorious seller dumps near key support, the market often flips the script.

The "buy high, sell low" whale 0x3c9E panic-sold 1,000 $ETH ($4.19M) again an hour ago.

Over the past two months, this whale has always bought $ETH at high prices and sold at lows. https://t.co/gsGi4daxvz pic.twitter.com/5skd6uwIKP

— Lookonchain (@lookonchain) September 22, 2025

Sudden Pressure Meets Hidden Strength

Selling pressure slammed Ethereum on September 22, dropping prices by 6% in only a day. Open Interest across major exchanges sank to $9.84 billion, matching levels last seen early September. Such a retreat signals traders pulling leverage, a classic reset before a potential rebound. Net Taker Volume showed a striking negative $1.66 billion. Bears stormed the field, rushing to close positions. Funding rates even turned negative, forcing short sellers to pay longs.

History often rewards those moments with sharp relief rallies. Markets resemble coiled springs when fear dominates. Technical readings tell a similar story. The daily chart pierced the mid-Bollinger Band near $4,440 and brushed the lower band around $4,160. Volatility roared like a restless tide, revealing a short-term oversold landscape. Relative Strength Index neared 30, a level that often sparks buying frenzies. Support glimmers near $4,100, a line respected by veteran trader Ted. He warns that a decisive break could drag prices toward $3,700.

A Whale’s Misstep or Market Signal?

The whale’s history adds drama to this scene. Late August saw a similar sale, followed by a stunning 10% rally toward $4,750 within two weeks. Many now wonder whether the latest exit again marks a bottom rather than a top. Traders love irony, and this whale keeps delivering it. Momentum indicators hint at fading bearish force. The MACD histogram’s decline has slowed, a quiet drumbeat of weakening selling power.

Immediate resistance waits near the 20-day moving average at $4,440. A push above could ignite a chase by sidelined bulls. Emotion flows through the market like electricity before a storm. Negative funding, collapsing leverage, and a reckless whale together create a dramatic backdrop. If support around $4,100 holds, Ethereum could surprise doubters with a swift rebound.Investors weigh risk and reward as fear and hope wrestle for control.

Ethereum stands at a crossroads, a stage where panic can transform into opportunity. Traders eye the charts, hearts quickening, ready for the next candle to reveal the truth. A bullish breakout remains unproven, yet the ingredients simmer. Oversold signals, historical patterns, and a poorly timed whale dump form a recipe for excitement. Those watching closely may witness a sudden twist worthy of crypto folklore.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

A look into the top VCs behind Plasma: What other major airdrops does Founders Fund hold?

Behind Founders Fund is a clear investment philosophy and decision-making system driving its actions.

深潮2025/09/26 12:35
A look into the top VCs behind Plasma: What other major airdrops does Founders Fund hold?

Wattlet officially debuts: Making electricity a global digital asset

Wattlet's vision is to make electricity not just a consumed energy, but a digital asset that can be held, allocated, and traded.

ForesightNews2025/09/26 10:37
Wattlet officially debuts: Making electricity a global digital asset