Ethereum Price Crash: $106M Whale Dump Sparks Panic—Will ETH Price Drop Below $1,400?

A significant Ethereum price fall sent shockwaves through the crypto market, prompting a whale to liquidate $106 million on Maker. Known as “7 Siblings,” the investor has been accumulating ETH since early February. 

On Sunday evening, ETH dropped sharply by more than 10%, falling from over $1,800 to nearly $1,466. The incident highlighted growing volatility and shifting whale movement in the market.

Ethereum Whale Movement Triggers Concern

The ETH market saw intense liquidation pressure after a major Ethereum price drop late Sunday. Data confirmed that a whale lost 67,570 ETH, and it is worth around $106 million. It happened due to liquidation on Maker, following the sudden Ethereum price crash. The investor, “7 Siblings,” had recently bought 24,817 ETH for roughly $42 million, pushing their total holdings to over 1.2 million ETH, now valued at approximately $1.9 billion.

Since February 3, this whale has purchased about 103,543 ETH at a total cost of $230 million. Currently, they are facing a loss of $64 million on those positions. Whale movement like this has raised concerns in the crypto space, as large-scale investors typically have a significant impact on market sentiment and price action. Crypto news today continues to follow their activity closely.

Technical Breakdown Highlights ETH Decline

The chart below indicates ongoing bearish pressure on Ethereum, reinforcing the recent Ethereum price crash. ETH is currently trading around $1,579, with a sharp dip touching a low of $1,575.78. The ETH price tumble is visible through continued red candles, indicating strong selling activity. 

The Relative Strength Index (RSI) sits at 43.74, nearing the oversold zone. It suggests that bearish sentiment is still dominant. This aligns with broader market behavior following whale liquidations and signals potential for further ETH decline if buyers don’t step in.

Chart 1 – ETH/USD live price, published on TradingView, April 7, 2025.

Looking at the MACD indicator, bearish momentum continues to build. The MACD line (-3.63) remains well below the signal line (-3.91), highlighting increasing downward momentum. While the histogram barely shows a positive tick (0.28), it isn’t enough to confirm a reversal. 

This chart highlights that the recent Ethereum price crash may not yet be over. Investors are watching closely for whale movement and support levels around $1,500 as uncertainty looms over crypto news today.

Will Ethereum Survive the Crash?

The Ethereum price downturn has created uncertainty about the coin’s short-term trajectory. If the price fails to rise above $1,600, analysts believe ETH could break below $1,535. It may lead to further losses toward the $1,420 or even $1,350 support levels. 

On the other side, a break above $1,710 might push the price toward $1,820 and eventually to $1,920. Momentum indicators like the MACD and RSI suggest continued bearish pressure. As crypto news today reflects mixed sentiments, Ethereum’s fundamentals, such as smart contract use and future upgrades, continue to offer potential upside. 

Final Words: Can Ethereum Rebound After the Price Fall?

The Ethereum price drop has triggered significant whale losses and sent ETH into a volatile range. The sharp ETH price tumble pushed the asset into oversold territory, raising fears of another leg down. Still, whale movement suggests some confidence in long-term value. 

For now, Ethereum must reclaim key resistance zones or risk falling further. The crypto world is watching closely as crypto news today unfolds with each hourly candle, waiting to see if ETH can reclaim its bullish momentum.