Ethereum Faces Pressure: Major Sell-Offs and Market Volatility Shake Up ETH Prices
- Metalpha’s recent sale of 37.5% of its ETH holdings could completely deplete its stash by week’s end, intensifying market pressure.
- The Ethereum Foundation’s consistent sell-offs and Vitalik Buterin’s ETH sales contribute to market volatility and a possible supply glut.
- Despite ETH sell-offs, an ascending triangle pattern on Ethereum’s chart hints at a potential bullish breakout opportunity ahead.
Metalpha, an asset management based in Hong Kong, has sold off a sizable amount of its Ethereum (ETH). Because large market participants are to sell down their holdings, Ethereum is under pressure .
The firm sold 37.5% of its ETH holdings in just four days. Consequently, Metalpha now holds only 51,300 ETH, valued at approximately $120 million. If the current pace of selling persists, it might be completely liquidated by week’s end.
Surge in Deposits and Market Reactions
Metalpha deposited 10,000 ETH, worth $23.5 million, to Binance. Metalpha has moved 33,589 ETH, or roughly $77.55 million, to the exchange in the last few days, so this addition fits into a bigger trend.
Analysts and the larger cryptocurrency community have taken notice of this increase in deposits. The price of ETH could be affected by such massive transactions and experience momentary swings.
There has been an increase in market volatility following the sale of the Ethereum Foundation and Vitalik Buterin’s interests. The Ethereum Foundation has been selling its ETH consistently since the spot Ethereum ETF launched , according to recent data. This has potentially created a supply glut in the market.
Similarly, Vitalik Buterin’s multi-signature wallet sold 760 ETH, generating $1.835 million at an average price of $2,414 per ETH. Despite rumors, Buterin insists that his sales have supported valuable projects rather than personal gains.
Read CRYPTONEWSLAND on google newsOptimistic Outlook and Technical Analysis
ETH worth $700 million has been auctioned by the Ethereum Foundation since 2021. The firm uses these funds for blockchain development and IT projects. Additionally, Jump Trading, a speed trading hedge fund, also sold 17,049 ETH for $46.44 million in August 2024.
On a more optimistic note, crypto analyst Michaël van de Poppe suggests that the ETH selling spree may be nearing its end. He highlights that Jump Trading’s sell-offs likely contributed to Ethereum’s 25% price drop since the ETH ETF launch.

The Ethereum price chart shows a declining trend with recent volatility. Currently priced at $2,327.3, Ethereum faces a resistance level of $2,514.3. An ascending triangle pattern is forming, suggesting a potential upward breakout. Traders should watch for a breakout above resistance or a drop below support for trade signals.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum Poised for Explosive Breakout After Six Weeks of Consolidation
ETH has traded in a tight 2% range for six weeks, setting up for a strong breakout that could ignite a sharp rally.Six Weeks of Stagnation Turns into Bullish SetupWhy This Consolidation Is DifferentWhat to Watch Before the Pop

SOL Correction Nears End as Bulls Target $220-$250
Solana correction phase is ending; analysts eye a bullish breakout toward $220–$250 in the coming wave.SOL Price Correction Nears CompletionTarget Zone: $220–$250 for the Next WaveWhat to Watch Moving Forward

South Korea’s FSC Unveils Roadmap for Spot Crypto ETFs and Won‑Based Stablecoins
FSC eyes approval of spot crypto ETFs and easing of won-based stablecoin rules in H2 2025.South Korea Eyes Spot Crypto ETFs by Late 2025Korean Won-Based Stablecoins to See Regulatory ReliefA Broader Shift in Crypto Policy

Can Trader 0xb8b9 Save His $2M Bitcoin Bet?
Trader 0xb8b9, with a perfect 100% win rate, now faces $2M in unrealized losses. Will he protect his streak or risk it all?The Trader with a Flawless Record$2 Million in the Red: Will the Streak Break?Market Watch: Will Crypto Rebound in Time?Alt Texts for Article Images

Trending news
MoreCrypto prices
More








