coinjournal.net
14 November 2025 20:05, UTC
Key takeaways
Ether, the second-largest cryptocurrency by market cap, has lost 10% of its value in the last 24 hours, sparking increased profit-taking and loss realization, as prices approached the cost basis of whales.
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This latest development comes as Ethereum investors have intensified their selling activities over the past few days. Data obtained from Santiment revealed that investors have booked over $500 million in profits and $100 million in losses since Sunday.
In addition to that, Ether’s price is approaching the average cost basis or realized price of whales with a balance of 10K-100K $ETH, which is around $2,900. A dip below this cost basis will spark intense selling pressure as the whales look to cut losses.
Whales have been key in absorbing selling pressure since $ETH’s price decline accelerated over the past month, as they have increased their collective balance by 890K $ETH during the period.
The $ETH/USD daily chart remains bearish and efficient as Ether has lost 10% of its value in the last 24 hours. The coin faced rejection at the previous broken trendline around $3,592 earlier this week and has dipped by 10% since then. At press time, $ETH is trading at $3,140 per coin.
If the selloff continues, $ETH could lose the $3k support level and dip towards the $2,900 psychological level. Failure to close the daily candle above the $3,170 region could spark further selloff for Ether.
$ETH/USD Daily chart">
Similar to Bitcoin, Ethereum’s RSI and MACD indicate bearish momentum gaining traction, signaling a deeper correction ahead.
However, if Ether recovers and closes the daily candle above $3,170, it could rally towards the next resistance level at $3,592.
