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Crypto

Ethereum breaks below $2,000 as early investor selling adds pressure

An early Ethereum investor sold about $136 million worth of ETH over the past week at an average price of $2,041, adding to market caution as the token slipped below $2,000. On-chain indicators, including supply distribution data, suggest recent supply movement has been driven more by short-term holders than long-term holders. Ethereum was at $1,980, down about 1 percent in 24 hours and 4.7 percent on the week, with analysts citing $1,800 and $1,500 as key levels.

Crypto

Ethereum wobbles at $2,200 as large short bet meets whale buying

A whale wallet has built a $50.55 million, 25-times leveraged short position in ether, heightening market tension as ether trades near levels that would pressure the bet. The wallet also holds a leveraged bitcoin long position. Other large holders have increased ether longs, while another wallet linked to World Liberty Financial sold ether for USD coin. Addresses tied to a possible fund deposited ether to Binance, adding to selling pressure. Attention is on whether ether holds $2,200.