- The Ethereum whale group “7 Siblings” executed $88.2M in sales and $42.2M in fresh purchases within weeks.
- The group sold ETH at over double their acquisition cost while also buying at multi-month lows to average down.
- A TD Sequential sell signal and key $4,150 support level raise short-term downside risks for Ethereum.
Ethereum Whale Group 7 Siblings has executed major transactions involving both sales and purchases of ETH in recent weeks. The entity, holding approximately 1.21 million ETH worth $5.6 billion, has influenced market sentiment through large-scale movements. This activity reflects both profit-taking and strategic accumulation, with implications for Ethereum’s short-term price dynamics.
Large Sales at Elevated Prices
Over a 15-hour period, 7 siblings sold 19,461 ETH worth $88.2 million at an average price of $4,532. Since it possesses around 1.21 million ETH, or $5.6 billion, this entity has affected the sentiments of the market with its drastic moves. The activity indicates both on-the-spot profit making and intense stockpiling and has some effect on Ethereum short-term market actions.
The ETH sold recently was acquired at less than half the current selling price, resulting in substantial gains on these transactions. This sizable profit margin, combined with their massive holdings, gives the group notable influence over Ethereum’s liquidity. Large transfers to exchanges confirm that active distribution is underway, which can create short-term volatility.
Despite the sales, the group still controls significant reserves, maintaining the ability to affect future price movements. Their actions will be closely observed by market participants due to the potential ripple effects across trading volumes. Such concentrated holdings remain a central factor in Ethereum’s market behavior.
Renewed Buying at Lower Levels
In addition to selling, 7 Siblings recently acquired 24,817 ETH for $42.2 million at an average price of $1,700. This purchase suggests a strategy to average down entry prices or positions for long-term gains. The use of DeFi platforms such as Aave V3 indicates active position management and potential leverage deployment.
The group’s total ETH accumulation since February amounts to 103,543 ETH at $2,219 per token. At present prices, this position reflects an unrealized loss of about $64 million. This highlights the inherent risks of large-scale accumulation in volatile markets, even for substantial capital holders.
Transaction records show frequent ETH and USDC movements, pointing to complex asset management tactics. Continued activity from this whale may impact Ethereum’s liquidity and intraday volatility. Their combined selling and buying patterns show a flexible approach to market conditions.
Technical Signals Suggest Near-Term Risks
A TD Sequential indicator has recently signaled a sell setup for Ethereum on the daily chart. This pattern appears after sustained rallies and suggests potential short-term weakness. The $4,150 level is identified as critical support in this context.
Losing this threshold could push ETH toward $3,980 or $3,860, aligning with key Fibonacci retracement levels. These levels may serve as temporary supports if downward pressure increases. Market participants will monitor these technical points for signs of trend shifts.
Recent gains have brought Ethereum close to key resistance areas, making it susceptible to profit-taking. Maintaining $4,150 could stabilize the outlook, while a breakdown may accelerate selling toward lower targets. The combination of whale activity and technical setups adds complexity to the current market picture.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
