Whale Panic Fails to Dent ETH as Price Rebounds 20% From $3K Lows

• A significant Ethereum price crash last week was driven by 23 large whales selling or redistributing their holdings.
• The sell-off saw the number of whales holding >10,000 ETH drop from 1,262 to 1,239, breaking key support at $3,354.
• Despite the whale capitulation, the market absorbed the selling, bouncing 20% from the $3,000 level to reclaim $3,550.

Renowned cryptocurrency analyst Ali Martinez has spotted an ongoing ETH sell-off by whales. In his latest post on X, the analyst stated that 23 of the largest Ethereum whales have sold or redistributed their holdings in the past week.

23 of the largest Ethereum $ETH whales have sold or redistributed their holdings in the past week! pic.twitter.com/On7UY8CzEO

— Ali (@ali_charts) November 10, 2025

Related: Ethereum Exchange Supply Hits 1-Year Low as Whales Increase Holdings by 52%

Ethereum’s Massive Whale Selloff…

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