Ethereum tag slipped for the 2nd consecutive day as sentiment in the crypto market waned and as Arthur Hayes persevered his promoting spree.
- Ethereum tag has crashed true into a endure market in the previous few months.
- Arthur Hayes persevered his promoting spree this day.
- Individually, a well-known whale has bought tokens price $1.67 billion lately.
Ethereum (ETH) token declined to a low of $2,900, noteworthy lower than the twelve months-to-date high of $4,960. This autumn has coincided with the broader enterprise’s efficiency.
ETH token retreated as Arthur Hayes, the founding father of BitMex, persevered his promoting spree. He moved 682 tokens valued at nearly $2 million this day.
Arkham files reveals that he has sold ETH tokens price over $5 million this month. He has then boosted his stake in Pendle, Ethena, and Ether Fi. Most importantly, he peaceful holds Ethereum tokens price over $22 million.
Soundless, some investors are accumulating the coin, hoping that this is able to per chance per chance per chance also simply rebound at this time. One whale bought tokens price $136.49 million this day, bringing his complete purchases since Nov. 4 to $1.67 billion.
A whale has bought $136,493,000 in $ETH this day.
Since November 4th, this whale has bought $1,670,000,000 in Ethereum. pic.twitter.com/42Rh1CjaPa
— Ted (@TedPillows) December 24, 2025
Tom Lee’s BitMine has moreover persevered its shopping for spree in the previous few months. The company has bought 436,361 tokens one day of the final 30 days, representing 3.6% of the market capitalization. He hopes to maintain 5% of Ethereum and generate a complete bunch of thousands and thousands of bucks in staking earnings yearly.
In his statements, Lee has highlighted Ethereum’s role in the crypto enterprise, the build it has turned into the largest chain. It has gained a commanding market share in industries adore decentralized finance, right-world asset tokenization, and stablecoins.
Ethereum tag technical evaluation
The everyday chart implies that the Ethereum tag has declined one day of the final few months. It has moved from the twelve months-to-date high of $4,960 to the modern $2,915.
The coin’s promote-off is being supported by the 50-day and 200 shifting averages, which fashioned a bearish crossover in November. It has moreover fashioned a bearish flag sample.
Subsequently, the in all likelihood Ethereum tag prediction is bearish, with the well-known target being at $2,622. A fall beneath that degree will existing extra downside, doubtlessly to the psychological degree at $2,000.
