Ethereum Overcomes 660% Sell-Off Surge, Secures $2 Billion Inflow, Begins Push to Reclaim $2,140

▲ Ethereum (ETH)

Ethereum (ETH) is seeking a short-term rebound of around 10%, supported by a $2 billion accumulation by major whale investors and improving technical indicators.

According to crypto media outlet BeInCrypto on February 14 (local time), despite recent market downturn pressure, large Ethereum holders have been building aggressive buying positions. BeInCrypto analyst Ananda Banerjee reported that whale addresses holding between 1 million and 10 million ETH have accumulated an additional 1.1 million ETH since February 9. At current prices, this amounts to approximately $2 billion worth of Ethereum.

This whale accumulation aligns with bullish signals observed in the Relative Strength Index (RSI), a key technical indicator. While Ethereum’s price has formed lower lows since late January, the RSI has been forming higher lows, creating a bullish divergence. This suggests that downward momentum is gradually weakening, and many analysts believe that the rebound structure remains valid as long as Ethereum maintains support at the $1,890 level.

However, short-term investors are showing a contrasting trend compared to whales. The volume of Ethereum moved by short-term holders who acquired their coins within the past week to month has surged more than 660%, raising the possibility of profit-taking sell-offs. In the past, spikes in activity from this group have coincided with sharp price declines. To break through the resistance level near $2,010, strong buying pressure capable of absorbing their selling would be required.

In the derivatives market, approximately $3.06 billion worth of short positions are currently open, indicating a dominant bearish bias. Paradoxically, this environment could trigger a short squeeze if prices rise, forcing short sellers to cover and potentially driving a sharp rally. If Ethereum decisively surpasses $2,010, it may gain an additional 10% toward the next resistance level at $2,140.

Ethereum now stands at a critical inflection point where large-scale capital accumulation and short-term selling pressure are in tight competition. Whether the $1,890 support level holds will be a key determinant of the success of any rebound, and investors should closely monitor trading volume changes at major resistance zones.

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