Ethereum Price Today: $1,540
- Ethereum partially erased post-tariff suspension gains as bearish signals returned to the market.
- The decline stems partly from whale sell-offs over the past 24 hours, reducing holdings to a five-month low.
- Technical indicators show weakness, with bulls and bears battling at the $1,500 support level.
Ethereum (ETH) traded near $1,540 early Friday after whale sell-offs erased the 4% gains following the recent tariff suspension announcement.
Ethereum Whales Succumb to Macro Uncertainty
Ethereum surged over 11% on Wednesday after the tariff suspension news, boosting short-term bullish sentiment. However, similar to market reactions to earlier rumors, prices began declining again, suggesting the rebound may have been a bull trap.
Price action aligns with expert predictions that risk-averse sentiment persists—especially after clarification that a 10% universal tariff still applies to all imports.
On-chain data reveals whales capitalized on the short-term rebound to sell at slightly higher prices.
Key insights:
- A dormant whale sold 10,702 ETH at $1,576 after two years of inactivity.
- Another long-term holder liquidated 7,974 ETH, while a DeFi participant sold 28,999 ETH to repay debt.
- Whales holding 10K–100K ETH reduced balances to a five-month low of 24.66M ETH (-1.18M over six weeks).
👉 Ethereum whale activity and price correlation
Ethereum Price Prediction: Battle at $1,500
Futures data shows $88.75M in ETH liquidations over 24 hours ($66.64M longs vs. $24.11M shorts). ETH is testing $1,500 support after a 6% drop from Wednesday’s $1,682 peak.
Critical levels to watch:
- **Hold $1,522 support**: Potential rebound toward $1,800 within the descending channel.
- Break channel support: Risk of plunge to $1,000–$1,100 (2022 crisis support zone).
Weekly charts show bearish momentum via RSI, Stoch, and MACD. A close above the channel’s upper boundary would invalidate the downtrend.
FAQ: Ethereum Price Trends
Why did Ethereum drop after the tariff news?
Whales sold during the brief rally, reflecting ongoing macro uncertainty despite the tariff pause.
What’s the significance of whale holdings dropping?
Fewer large holders can increase volatility, as concentrated sell-offs accelerate price declines.
Will ETH rebound soon?
If $1,500 holds, yes. A breakdown could extend losses toward $1,000. Monitor channel boundaries for directional cues.
How does this affect altcoins?
Ethereum’s movements often influence broader altcoin markets—watch for correlated trends.
👉 Track real-time ETH price action