Ethereum Risks 25% Drop as $237 Million ETH Hits Exchanges

- Bearish pressure signals potential drop to $1,600. - Whale activity and exchange inflows suggest large-scale sell-offs. On June 30, 2025, Cointelegraph reported that Ethereum’s (ETH) price outlook has turned bearish after it failed to rebound above a multi-year symmetrical technical resistance level on its bi-weekly chart, a barrier ETH has not surpassed for several years. This failure, along with other bearish signals from technical, on-chain, and trading data, suggests the cryptocurrency may see a 25% drop to a target of $1,600. Recent whale activity adds to Ethereum's vulnerability. Over the last three weeks, a single large holder moved more than $237 million worth of ETH to various exchanges, with $154 million already deposited to platforms including HTX, Bybit, and OKX. Such movements suggest potential large-scale sell-offs, which could in turn increase pressure on ETH's price. On-chain data further supports this bearish outlook, highlighting a shift in holdings among Ethereum addresses. While large wallet holders are reducing their balances, mid-sized wallets are increasing theirs. This pattern may indicate a redistribution to smaller wallets or new addresses, suggesting that large holders are preparing for further selling. Exchange inflows add another layer to this bearish outlook. According to CryptoQuant data, ETH inflows to Binance, the world's largest crypto exchange, have remained consistent for five consecutive days. This trend aligns with recent whale activity and amplifies concerns about increased selling pressure in the near term. Technical indicators further reinforce Ethereum's bearish stance. On the two-week chart, ETH has fallen below the lower trendline of a symmetrical triangle, which had provided stable support since mid-2022. Additionally, Ethereum’s relative strength index (RSI) remains below a descending trendline that has persisted for several years, signaling weakening bullish momentum. Despite these factors, some market analysts remain optimistic about Ethereum's long-term prospects. According to Cointelegraph on June 30, these analysts believe a broader market rally could spur a breakout, potentially sending ETH surging toward $10,000, citing supportive technical indicators and sustained capital inflows into ETH-focused investment funds as reasons for their optimism. According to CoinMarketCap, Ethereum (ETH) was trading at $2,481.93 as of June 30, 2025, with its 24-hour trading volume up 1.82%.