Ethereum whales sold 14,000 ETH worth $32.85 million at an average price of $2,346, intensifying profit-taking after a two-day rally exceeding 20%. Another whale sold 11,252 stETH worth $26.5 million and 1,824 ETH worth $4.26 million, converting these holdings into stablecoins. Despite the massive selling, spot demand remained strong with $40.43 million in negative Spot Netflows and taker-buy dominance in the market. Ethereum is currently testing the crucial $2,378 resistance zone, with technical indicators favoring buyers (+DI at 51.69, ADX at 30.19). A break above this level could target the major $2,795.75 resistance, while rejection could push ETH back to the $2,145 support zone.
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