Ethereum Holders Sell Big: 45K ETH Daily

• Long-term ETH holders are selling at 45K ETH per day
• This is the highest sell rate since February 2021
• Bear-flag target around $2.5K could become reality if trend persists

Ethereum long-term holders are now selling around 45,000 ETH per day, marking the largest daily outflows since February 2021. This trend suggests growing caution among major ETH investors, commonly known as “whales,” who typically hold their positions during both bullish and bearish cycles.

These long-term holders are usually seen as the backbone of confidence in the Ethereum market. When they start selling in high volumes, it signals that even the most patient investors are becoming nervous about Ethereum’s near-term price action.

If this wave of selling continues, it could exert further downward pressure on ETH prices, reinforcing a bearish trend that technical analysts refer to as a bear flag.

Bear-Flag Breakdown Could Push ETH to $2.5K

The “bear flag” is a bearish chart pattern that typically appears during market downtrends. Analysts suggest that if the current sell-off continues, Ethereum could drop to a support level near $2,500—a key technical target.

With ETH hovering well above that level today, this potential drop would represent a significant correction. The pressure from long-term holders exiting their positions might make this outcome more likely.

Increased selling activity from holders who’ve historically maintained their positions through volatility may also trigger panic selling among retail investors, leading to a cascading effect.

What to Watch Next

All eyes are now on whether this surge in selling continues or begins to cool off. A sustained rate of 45K ETH per day could destabilize the current market structure and delay any possible bullish reversal.

Investors and traders should monitor on-chain data closely and look for any shift in sentiment among long-term holders. A change in their behavior could be the first sign of either recovery—or deeper losses ahead.