Ether whales test key support at $1.5K
A significant amount of Ether, 37,806 ETH, has been moved by old wallets. This movement comes as whale conviction faces a key test at the $1.5K level.
The current scenario indicates that large holders are facing greater overall pressure in 2026, even as selective ETH accumulation persists. One whale swapped 464 BTC worth $27.6 million for 17,750 ETH, signaling capital rotation into Ether.
Institutional ETH trading also remained active, with BlackRock transferring 41,996 ETH and 4,577 BTC to Coinbase Prime. Crypto analyst notes that Ether whales holding between 1,000 ETH and more than 100,000 ETH are all sitting on negative unrealized profit ratios.
Ether dropped to $1,510 during Thursday’s sell-off, though it avoided setting a new yearly low even as Bitcoin fell to fresh 2026 lows. The $1,500 level is seen as key long-term support for Ether.