{"id":97404,"date":"2025-09-17T15:55:36","date_gmt":"2025-09-17T15:55:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=97404"},"modified":"2025-09-17T15:55:36","modified_gmt":"2025-09-17T15:55:36","slug":"90000-eth-in-just-2-days-is-ethereum-headed-for-a-big-correction","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=97404","title":{"rendered":"90,000 ETH in Just 2 Days: Is Ethereum Headed for a Big Correction?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Big Ethereum investors cut their collective holdings to 15.4 million tokens following a massive sell-off this week.<\/span>
\nHowever, analysts still see upside potential, with chart signals hinting at a push above $5K this month if momentum holds.<\/p>\n

<\/a><\/span><\/h2>\n

Taking Profits<\/h2>\n

Ethereum\u2019s (ETH) price has been hovering around $4,500 in the past two days, <\/span>or performing better than<\/span> at the beginning of September when it briefly dipped below $4,300.<\/span><\/p>\n

Large investors (known as whales) <\/span>seem to<\/span> have seized the opportunity and sold some of their holdings within that period.<\/span> The X user Ali Martinez <\/span>revealed<\/span><\/a> that these market participants dumped 90,000 ETH, worth over $400 million.<\/span><\/p>\n

The collective possessions of that investor group have lessened to 15.4 million tokens, representing 12.7% of the asset\u2019s circulating supply.\u00a0<\/span><\/p>\n

Selling efforts of that type are generally considered bearish since they increase the amount of coins on the open market and could trigger a price decline (assuming demand stays the same or heads south). Furthermore, smaller players may mimic the whales\u2019 actions and also exit the ecosystem.\u00a0<\/span><\/p>\n

It is important to note that the<\/span> upcoming FOMC meeting (during which interest rates in the US <\/span>are expected<\/span> to <\/span>be lowered<\/span>) might have prompted big investors to reduce their exposure. T<\/span>he event, scheduled for today, <\/span>is interpreted<\/span> as bullish in the long term for the crypto market, but may result in a short-term correction (as some X users <\/span>suggested<\/span><\/a>).<\/span><\/p>\n

Price Targets<\/span><\/h2>\n

Despite the offloading by whales, numerous analysts remain optimistic that ETH can post additional gains in the near future and even hit a new all-time high as early as this month.<\/span><\/p>\n

X user ZYN spotted<\/a> the formation of a bullish cross on the asset\u2019s price chart, reminding that double-digit pumps followed such setups in the summer.\u00a0<\/span><\/p>\n

\u201cIf a bullish cross plays out again, ETH will trade above $5,000 this month,\u201d they predicted.<\/span><\/p>\n

Ted chipped in, too, making a more modest prediction. He noted<\/a> that ETH has recently bounced back from its $4,500 support zone, envisioning an ascent to $4,700 if this level holds.<\/span><\/p>\n

\u201cIn case of a breakdown, ETH will revisit the $4,000-$4,200 region,\u201d he added.<\/span><\/p>\n

The post 90,000 ETH in Just 2 Days: Is Ethereum Headed for a Big Correction?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Big Ethereum investors cut their collective holdings to 15.4 million tokens following a massive sell-off this week. However, analysts still see upside potential, with chart signals hinting at a push above $5K this month if momentum holds. Taking Profits Ethereum\u2019s (ETH) price has been hovering around $4,500 in the past two days, or performing […]<\/p>\n","protected":false},"author":0,"featured_media":97405,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-97404","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97404"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=97404"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/97404\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/97405"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=97404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=97404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=97404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}