Longest Ether dip since 2022 ignored by whales: What’s next for ETH?

CoinTelegraph

by Biraajmaan Tamuly

February 24, 2026

AI-Generated Deep Dive Summary

The cryptocurrency market is currently witnessing a significant decline in Ethereum (ETH) prices, marking the longest losing streak since 2022. While this downturn has persisted for six weeks, with ETH experiencing its worst weekly performance, the behavior of large investors known as "whales" appears to have shifted. Their trading activity on major exchanges like Binance has notably decreased, with average sell orders dropping from around 2,250 ETH in early January to approximately 1,350 ETH in recent weeks. This reduction in whale activity suggests a potential shift in market dynamics, raising questions about future price movements and liquidity conditions for ETH. The shrinking volume of large transactions involving whales is a key indicator of the current market sentiment. Over the past 45 days, only about 2 million ETH has been traded in significant quantities on Binance, down from previous levels. This decline in whale activity coincides with a tightening liquidity scenario, as highlighted by a $2 billion short cluster positioned near the $2,000 price point for ETH. Such a concentration of bearish bets could amplify market volatility and further pressure prices, especially if these shorts are triggered. The implications of this situation are crucial for both short-term traders and long-term investors in the crypto space. The sustained downtrend in ETH prices, coupled with reduced whale activity and increased short positioning, creates a complex landscape for market participants. For those closely monitoring the cryptocurrency markets, understanding these dynamics is essential to assessing potential risks and opportunities ahead.

Verticals

cryptoblockchain

Originally published on CoinTelegraph on 2/24/2026