Ethereum Whale Offloads 4,100 ETH: Is a $1,400 Crash Imminent?

A long-term Ethereum holder from the 2015 ICO era is back in focus. Known for holding 100,000 ETH purchased at just $0.31, this “OG investor” has resumed active selling, offloading over 4,100 ETH in April alone. The latest move, transferring 664 ETH to Kraken for a $1 million profit, has caught the attention of traders and analysts. While ETH’s price action remains relatively stable, this  Ethereum whale’s consistent sales could point to growing caution among early investors and stir short-term volatility across Ethereum markets.

Market Behavior and Trading Implications

The OG investor’s steady liquidation strategy is making ripples across ETH markets. Over 4,180 ETH has been sold this month, worth $7.05 million, with the most recent tranche, 664 ETH, sent to Kraken just hours ago. Following the transfer, trader reactions to the activity were indicated by a minor decrease in ETH and an increase in exchange volumes. While the ETH/BTC pair fell 0.5%, Kraken recorded a 5% gain in 24-hour volume, indicating a little but noticeable change in sentiment towards Bitcoin. For traders, the takeaway is clear: the OG’s behavior could foreshadow deeper market moves. 

Whether seen as a smart cash-out or a red flag, such selling is bound to influence positioning strategies. Setting stop-loss levels and watching for volume spikes may prove essential in the near term. While AI tokens haven’t been directly affected, a broader market drop could pull them down too. Traders in both traditional altcoins and AI-linked tokens should stay alert for correlated moves as the Ethereum whale continues to act. Let’s take a look at the Ethereum price to see how this whale ETH movement impacts the price of ETH.

Ethereum Price Prediction for April 11, 2025

After a recent dip, the 15-minute ETH/USDT chart shows Ethereum recovering from strong support around the $1,470–$1,480 zone. This level attracted significant buying pressure, triggering a bounce that pushed ETH past short-term resistance near $1,520. As of right now, the price is trading at about $1,550, indicating that it is still rising. A retest of the $1,680 level would be possible if the $1,580–1,600 resistance zone is successfully broken. With an RSI of 60, the market is bullish but not overbought, indicating potential for more gains. 

Chart 1: Analysed by vallijat007, published on TradingView, April 11, 2025

Historical RSI patterns also reflect reliable overbought and oversold signals, aligning with key price turning points. The MACD indicator reinforces the bullish outlook, showing a crossover with the MACD line above the signal line and rising green histogram bars. If Ethereum holds above $1,520, the next major test will be the $1,580 resistance. A break below $1,480, however, may signal a renewed downtrend toward the $1,400 support zone. Overall, ETH shows solid bullish momentum in the short term.

Ethereum Whale Moves Keep Market on Edge

The ongoing selling by a 2015 Ethereum whale continues to weigh on market sentiment, signaling possible caution among long-term holders. While ETH has shown signs of recovery, persistent whale activity and rising exchange volumes suggest the potential for renewed volatility. Traders should remain alert, especially if selling intensifies or the price nears key support zones. Until ETH market confidence strengthens or the whale slows activity, Ethereum’s short-term path remains uncertain, shaped as much by psychology as by price action.