Ethereum worth fell for the second day in a row as cryptocurrency market sentiment weakened and Arthur Hayes continued promoting.
abstract
- The value of Ethereum has entered a bear market over the previous few months.
- Arthur Hayes continued his pitch immediately.
- Individually, a significant whale just lately bought $1.67 billion price of tokens.
The Ethereum (ETH) token has fallen to a low of $2,900, effectively under its year-to-date excessive of $4,960. This decline is according to total trade efficiency.
ETH tokens fell as BitMex founder Arthur Hayes continued to promote. He moved 682 tokens price virtually $2 million immediately.
He offered greater than $5 million price of ETH tokens this month, in accordance with Arkham knowledge. He subsequently elevated his stakes in Pendle, Ethena, and Ether Phi. Most significantly, he nonetheless owns over $22 million price of Ethereum tokens.
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Nonetheless, some traders are hoarding the coin in hopes of a fast restoration. As we speak, one whale bought $136.49 million price of tokens, bringing the overall purchases since November 4th to $1.67 billion.
As we speak, a whale bought $136,493,000 in $ETH.
Since November 4th, this whale has bought $1.67 billion in Ethereum. pic.twitter.com/42Rh1CjaPa
— Ted (@TedPillows) December 24, 2025
Tom Lee’s Bitmine has additionally been on a shopping for spree in current months. The corporate bought 436,361 tokens up to now 30 days, representing 3.6% of the market capitalization. He owns 5% of Ethereum and hopes to generate a whole bunch of tens of millions of {dollars} yearly in staking income.
In his assertion, Lee highlighted Ethereum’s function within the cryptocurrency trade, making it the most important chain. It has gained overwhelming market share in industries equivalent to decentralized finance, real-world asset tokenization, and stablecoins.
Ethereum worth technical evaluation
ETH worth chart |Supply: crypto.information
The day by day chart exhibits that Ethereum worth has fallen over the previous few months. It has risen from a year-to-date excessive of $4,960 to at present $2,915.
The coin’s decline is supported by the 50-day shifting common and the 200 shifting common, which shaped a bearish crossover in November. A bearish flag sample has additionally shaped.
Due to this fact, the most probably Ethereum worth prediction is bearish, with an preliminary goal of $2,622. A decline under that degree might point out additional draw back and attain the psychological degree of $2,000.
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