Ethereum Whale’s $135M Dilemma: Will It Sink or Swim? 🐋💸

by

So, picture this: an Ethereum whale, casually lounging with a staggering 65,675 ETH, which is like $135 million at the current price of $2,067. But wait! If ETH takes a nosedive to $1,931.83 (which is just a teeny 6.38% drop), our poor whale might just find itself in a bit of a pickle. Will the crypto market continue its dramatic crash, or will our whale swim to safety? 🐳💔

Let’s dive into the murky waters of Ethereum price predictions and more. 🏊‍♀️

Ethereum Whales’ $135M Collateral At Liquidation Risk As Crypto Market Crashes

As Bitcoin (BTC) decided to play the role of a dramatic diva and collapsed below $80,000 on Sunday, the entire crypto market followed suit, like a bunch of lemmings. Ethereum, bless its heart, dropped a whopping 8.31% on March 9. According to Lookonchain’s latest tweet, our whale friend is teetering on the edge of liquidation if ETH hits that dreaded $1,931.83 mark. Yikes! 😱

A whale’s 65,675 $ETH ($135.8M) supplied on #Maker is on the verge of liquidation.

With a health rate of only 1.05 and a liquidation price of $1,931.83.

— Lookonchain (@lookonchain) March 10, 2025

 

Will ETH price crash below $2,000?

Enter the up-and-coming analyst CNO, who’s waving a red flag and suggesting that Ethereum might just dip “below $2,000.” Why, you ask? Well, apparently there are limit orders lurking below that psychological level, just waiting to pounce before ETH decides to go on a little uptrend adventure. 🎢

Ethereum Price Analysis: What’s Next for ETH?

Now, considering the recent downtrend exhaustion (sounds exhausting, doesn’t it?) and Bitcoin’s 1.86% recovery today, it seems like a further drop is about as likely as me winning the lottery. Bitcoin’s technicals are hinting at a potential recovery after a liquidity sweep below the March 4 swing low of $81,200. Plus, Ethereum recently dipped below the $2,000 level, gathering the necessary liquidity to kickstart an uptrend. Talk about a comeback! 💪

And let’s not forget the ETH/BTC chart, which is showing a glimmer of hope after weeks of down-only moves. It’s like watching a soap opera where the hero finally gets a break! Could Ethereum be plotting its grand return? 🤔

To seal the deal on this potential reversal and keep our whale’s $135M collateral safe, we’ve got recent accumulation from wallets holding 1M to 10M ETH. These savvy investors have scooped up 1.1M tokens worth around $2.40 billion at current prices. All signs point to a potential downtrend being about as likely as a cat enjoying a bath. 🐱🚿

While the thought of our Ethereum whale losing $135.8 million is enough to make anyone clutch their pearls, the overall direction of the crypto market is influenced by a myriad of factors, including Bitcoin’s technicals and market sentiment. All of this suggests that a short-term reversal is more likely than not. So, let’s keep our fingers crossed that the liquidation of $135M worth of ETH and an extended crash of Ethereum price is just a bad dream, especially if Bitcoin keeps bouncing back! 🎉

Read More

2025-03-10 14:43