news 
Ethereum Panic Selling? Major Wave From Small Investors
The price of Ethereum has taken a sharp dive in recent sessions, dropping to the $2,255 mark. This aggressive downturn is being fueled by clear on-chain panic behavior from small- to mid-size whales and swing traders rather than solely market structure or technical weakness.
What’s notable is that substantial amounts of Ethereum have been sold off by numerous well-known holders during this decline. Thousands of positions were liquidated by addresses associated with prominent active traders within the narrow price range of $2,378 to $2,412 per ETH.
The chart effectively highlights the fallout: a robust red candlestick pattern developed over several days suggesting persistent sell pressure. Additionally, evidence that bulls have temporarily lost control comes from the break below the $2,369 level, which previously served as both support and moving average confluence.
ETH/USDT Chart by TradingView
Source: u.today
