- •Whale entity Trend Research offloaded over 102,000 ETH, totaling $455 million, fueling heavy selling pressure across spot markets.
- •Despite strong sell flows, Ethereum’s price stayed above $4,590 as buyers absorbed supply, maintaining upward momentum and price stability.
Ethereum has faced renewed selling pressure in early October, driven by aggressive moves from both institutional and retail participants. Trend Research, a known whale entity, unloaded 102,355 ETH, equivalent to about $455 million, within a short span. Most of these sales landed on centralized exchanges, raising the net inflow to over 81,000 ETH in just two days.
Large outflows to exchanges typically signal intent to sell, and this wave has created concerns about price stability. At the same time, smaller retail players have shifted their activity to the futures market, focusing on short‑term trades and further increasing overall selling activity.
更新：Trend Research 今天已经转进了币安 41,421 枚 ETH ($1.89 亿)。
然后从币安提回了 4687 万 USDT 用于偿还他们在 Aave 上的借款。◎他们从 2 号开始第二轮减持 ETH 以来，已经转进币安 102,355 枚 ETH ($4.55 亿)，均价 $4,449。
◎目前他们链上地址还有约 5.03 万枚的 ETH ($2.29 亿)。 pic.twitter.com/DAV0mcLYg4— 余烬 (@EmberCN) October 5, 2025
Both groups appear to lack conviction in near‑term market direction, making the environment challenging for bullish traders.
Despite the visible sell pressure, Ethereum has shown notable resilience. The price of ETH, as of the latest data, stands at $4,590, posting a modest 2 % daily gain after rebounding from a recent low of $3,800. On‑chain signals suggest that buy orders have been strong enough to absorb most of the supply hitting exchanges.
The Directional Movement Index has climbed from 20 to 28, indicating that buyers are regaining control, at least for now. While the market’s reaction to large sell‑offs would often be a sharper price decline, the continued presence of buyers has kept ETH inside an ascending channel.
If the current pace of absorption continues, Ethereum could attempt a test of the $4,673 level, with a further move toward $4,800 possible if broader market conditions remain stable.
Ethereum (ETH) is trading at $4,537, up 1.06% in the last 24 hours. On the weekly scale, ETH has gained 12.84%, while in the last month it has risen 5.55%. Over six months, Ethereum has surged 192.3%, marking one of its strongest growth phases since early 2021. Its market capitalization now stands at $547.6 billion, with a 24‑hour trading volume of $43 billion, still below its all‑time high of $4,955.
The Ethereum Foundation announced plans to sell 1,000 ETH (≈$4.5 million) on October 4, 2025, using CowSwap’s TWAP feature as ETH prices push above $4,500. The move comes amid growing debate over Ethereum’s role as a store of value, as analysts argue that increasing supply from staking rewards and reduced fee burns could slow long‑term appreciation.
Additionally, VanEck issued a warning to ETH holders regarding potential dilution risks as digital‑asset treasuries reached $135 billion, cautioning that the transition from yield‑based utility to a monetary asset might reduce long‑term returns for non‑stakers. Meanwhile, exchange data shows that Ethereum reserves are at a nine‑year low, signaling strong accumulation and self‑custody activity.