Are Ethereum OGs jumping ship? Here's what the data says
Summary
An early Ethereum whale sold about 64,442 ETH over the past week, worth roughly $136 million, at an average price near $2,041 as ETH approached $2,000. Despite the large sale, onchain supply data does not show a broad wave of long-term holders exiting. HODL-wave metrics indicate older holder cohorts have generally held steady or increased their share of supply, while recent reductions are concentrated among short-term holders. ETH is currently trading around $1,980, with traders focused on key support near $1,800. Several analysts see bearish momentum persisting and warn that a breakdown could send ETH toward $1,500, especially if exchange balances keep rising and ETF demand remains weak.
