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<p>Ethereum continues to face increasing pressure in the market after a whale sold 10,000 ETH on April 8. The sale, valued at $15.7 million, has intensified concerns about Ethereum’s short-term price direction and investor sentiment.</p>
<p>The cryptocurrency has now breached key support zones, including a long-held ascending trendline and significant horizontal levels. ETH is trading near $1,465, and technical analysts have highlighted $1,475 as a critical support level.</p>
<div id="attachment_23036" style="width: 100%" class="wp-caption alignnone">
 <img style="--dominant-color: #1f232d;" loading="lazy" src="https://i0.wp.com/36crypto.com/wp-content/uploads/2025/04/ETHUSDT_2025-04-08_23-28-43-1024x540-convert.io_.webp?resize=1451%2C765&amp;ssl=1" alt="Ethereum" width="1451" height="765" title="Ethereum Slides Further as Whale Liquidates $15.7 Million ETH Amid Weak Technical Structure 14">
 <p id="caption-attachment-23036">Source: <a href="https://www.tradingview.com/symbols/ETHUSD/" target="_blank" rel="noopener noreferrer nofollow">Tradingview</a></p>
</div>
<p>Should Ethereum close below this support on the daily chart, analysts foresee a potential 30 percent price correction. This could result in ETH dropping closer to the $1,000 region if the bearish momentum continues this week.</p>
<p>Ethereum’s fall below the 200-day Exponential Moving Average on the daily timeframe further confirms the bearish sentiment. This technical signal reflects persistent selling activity and suggests dominance by bearish traders across major exchanges.</p>
<div id="attachment_23037" style="width: 100%" class="wp-caption alignnone">
 <img style="--dominant-color: #21242d;" loading="lazy" src="https://i0.wp.com/36crypto.com/wp-content/uploads/2025/04/ETHUSDT_2025-04-08_23-27-59-1024x540-convert.io-1.webp?resize=1457%2C769&amp;ssl=1" alt="Ether" width="1457" height="769" title="Ethereum Slides Further as Whale Liquidates $15.7 Million ETH Amid Weak Technical Structure 15">
 <p id="caption-attachment-23037">Source: Tradingview</p>
</div>
<p><strong>Also Read: </strong><a href="https://36crypto.com/raoul-pal-early-life-and-net-worth-the-vision-behind-real-vision-macro-investing-and-the-crypto-frontier/" target="_blank" rel="noopener noreferrer nofollow">Raoul Pal: Early Life and Net Worth – The Vision Behind Real Vision, Macro Investing, and the Crypto Frontier</a></p>
<h2 id="strong-large-whale-exit-deepens-selling-pressure-as-market-sentiment-weakens-strong"><strong>Large Whale Exit Deepens Selling Pressure as Market Sentiment Weakens</strong></h2>
<p>The whale responsible for the recent ETH sale had accumulated the holdings between October and November of 2022. According to Lookonchain, he <a href="https://x.com/lookonchain/status/1909604196787405078" target="_blank" rel="noopener noreferrer nofollow">purchased</a> ETH at an average price of $1,292 and sold for $1,571 each.</p>
<p>The investor earned $2.75 million but failed to capture the potential $27.6 million peak gain from his ETH sale. The information was disclosed on April 8 via a post on X, formerly known as Twitter.</p>
<p>This sell-off appears to have triggered a wave of concern among market participants already affected by the declining trend. Trading activity for Ethereum reached a 65% decline across the previous day.</p>
<p>The investigation indicates market participants delay their trading decisions due to worldwide market conditions. The US major trade dispute with several nations maintains market uncertainty throughout all investment elements.</p>
<p>A further decline in ETH’s price may follow if the asset fails to hold the $1,450 level. Traders are watching closely as the price action unfolds and market volatility increases into the new week.</p>
<h2 id="strong-conclusion-strong"><strong>Conclusion</strong></h2>
<p>Ethereum is under pressure as technical indicators weaken and large investors exit their positions. The coming days could prove critical if bearish momentum persists and trading activity continues to decline.</p>
<p><strong>Also Read: </strong><a href="https://36crypto.com/xrp-will-hit-100-only-when-these-two-things-happen-expert-reveals/" target="_blank" rel="noopener noreferrer nofollow">XRP Will Hit $100 Only When These Two Things Happen, Expert Reveals</a></p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://36crypto.com/ethereum-slides-further-as-whale-liquidates-15-7-million-eth-amid-weak-technical-structure/">Ethereum Slides Further as Whale Liquidates $15.7 Million ETH Amid Weak Technical Structure</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://36crypto.com">36Crypto</a>.</p>

Ethereum Slides Further as Whale Liquidates $15.7 Million ETH Amid Weak Technical Structure

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