Dormant Ethereum whale moves $393 million ETH after 9 years

A whale Ethereum (ETH), worth approximately $393.4 Million, recently made a deposit of 135,284 Ethereum (ETH), into Gemini, after nine years dormancy. This move could cause investors to worry, in the event that a whale decides later to sell his shares and make a profit. Discuss what could happen.

Does the Ethereum Whale intend to sell its assets?

Investors may have temporarily shifted their attention away from cryptocurrency due to the recent surge in the price of gold and silver. Participants are likely to be adopting a low-risk approach. Ethereum (ETH), could also be following a pattern similar to Bitcoin. However, the wallet owner could be rearranging their coins and not selling their ETH.

Crypto market losses have been substantial in the past few months. Despite a slight recovery in January, the crypto market suffered another setback over the past few days. According to CoinGecko’s ETH dataEthereum’s daily charts have recovered 2,5%, while the price is still red for the other timeframes. ETH price dropped by 7.8% from the charts of the week, 5.6% for the charts of the fourteen-day period, and even 0.1% over last month. Since late January 2025, the second largest crypto also fell by 7.6%. Ethereum (ETH), which is struggling to keep $3,000, has some support around $2900.

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Ethereum (ETH), may be unable to recover until larger economies improve. Investors may not be willing to take on more risky assets because of geopolitical tensions and macroeconomic worries. ETH reached a record-breaking high of 4,946.05 USD in August last year. The price of the asset has declined by 40% or more since 2025. Ethereum’s (ETH) price could be boosted if ETFs start to flow and the market gains confidence. The journey to $4000 could take longer than many people expect.