EtherETH) whale activity on a major exchange has slowed since the start of 2026, with roughly 2 million ETH traded in large-sized transactions over the past 45 days.
Investors are expecting Ether to continue its upward trend in both the short- and long term, based on the exchange flows and data from the futures markets.
Order size for Ether whales hints of fading participation
CryptoQuant data Binance has seen the number of whale-sized ETH sell orders fall to approximately 1,350 ETH over recent weeks. This is down from around 2,250 ETH early in January. Since Jan. 8, the total gross sale-side turnover is around 1.8- 2 million ETH. This assumes 15 to 35 whale executions each day.
This activity, based on an average of $2400, equates roughly to $4.3 to $4.8 Billion in large order executions. This figure represents gross trade volume and not net outflows confirmed, because some of these flows could be related to hedging, liquidity, or a derivatives market.
Crypto Analyst Darkfost said The decline in average order value points to an increase in the number of orders. “gradual disengagement” Larger participants. The analyst says that smaller players continue to trade at stable levels, while larger participants are decreasing direct interactions with order books.
This change indicates that the market is temporarily losing depth. With fewer resting orders of large amounts, ETH’s ability to absorb price fluctuations in the short-term is reduced.
In February, ETH addresses that accumulate ETH added over 2.5 million ETH as the market price dropped by about 20%. The total holdings have risen to 26.7 million ETH, up from 22.75 million at the beginning of 2026. This shows a steady demand.
Related: Ethereum price drops to $1.8K as data suggests ETH bears are not done yet
Can Ether end its longest bullish streak, which dates back to 2022?
Ether has now lost six consecutive weeks, the longest unbroken weekly drop since March 2022 to June 2022. The earlier phase was part of a larger bear market, and the price fell to its lowest point before it stabilized.
Although the current decline isn’t as prolonged, it highlights the continued selling pressure that has been occurring and the weakening trend on the larger timeframe.
History of market cycles suggests that should the current decline continue, we may see a large weekly demand area between $1384 and $1.691 that was once accumulating during the first stages in 2023.
Futures market liquidation data Shows more than 2 billion dollars in short positions clustered at around $2,000 It creates an area of high liquidity that could act as a magnet in the short-term for Ether prices.
If Ether falls to $1.600, there are approximately 682 million long positions that remain exposed, which indicates a thinner liquidity cluster compared with the upwards cluster.
RickUntZ, a crypto trader said He still believes there is potential for a V shaped recovery from the current levels. Citing signs of underpinning demand within the current structure, he says he sees this as a possibility. The data indicates that for the time being, the $2,000 band of liquidation remains as the next major resistance.
Related: Ethereum Foundation starts staking ETH as client diversity concerns persist
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Source: cointelegraph.com
