TL;DR
- 7 Siblings sold 14,000 ETH for $32.85 million at an average price of $2,346.
- Another whale sold 11,252 stETH and 1,824 ETH, converting roughly $30.78 million into USDT.
- ETH trades at $2,400, up 3.58% in 24 hours, while ETF inflows and exchange withdrawals support buyer demand.
Ethereum whales are adding supply near a key resistance area, but spot demand and exchange outflows suggest buyers are still absorbing available ETH. The 14,000 ETH sale came from 7 Siblings at $2,346, while another wallet sold 11,252 stETH and 1,824 ETH. ETH trades at $2,400, up 3.58% in 24 hours, keeping the recovery intact despite profit-taking.
Not all whales are buying $ETH — some are selling!
7 Siblings sold 14,000 $ETH($32.85M) at an average price of $2,346.
Whale 0xFD10 sold 11,252 $stETH($26.5M) and 1,824 $ETH($4.26M) for 30.78M $USDT.https://t.co/UWDVfGRL7Xhttps://t.co/KOxRcUw2zj pic.twitter.com/5GXXimBqUJ
— Lookonchain (@lookonchain) August 21, 2026
Ethereum Whales Test Buyer Conviction
The large transactions arrived after ETH advanced sharply from around $1,945, turning the 2,300-2,400 region into an important battleground. The 7 Siblings sale alone represented $32.85 million in ETH, while wallet 0xFD10 moved $26.5 million in stETH and $4.26 million in ETH into USDT. The combined activity shows that some large holders are locking in gains rather than waiting for higher prices. These transactions do not by themselves prove a broader bearish shift. The market response matters more, particularly whether spot buyers continue absorbing supply.
That demand backdrop remains constructive. Ethereum spot ETFs attracted $220.77 million in net inflows on August 20, their strongest single-day inflow since October 2025, while several large wallets simultaneously withdrew ETH from exchanges. One wallet reportedly removed 30,000 ETH from Binance, and other large holders also moved substantial amounts into private wallets. Those flows suggest the market contains both profit-taking and accumulation, limiting the case for interpreting every whale sale as a bearish signal.
Liquidity And Resistance Shape The Next Move
The immediate technical test sits around $2,378, an area that previously acted as supply. ETH has already moved above $2,400 in the broader session, making that level increasingly relevant as potential support if buyers maintain control. A sustained break above nearby resistance could open a path toward $2,795, while a rejection could send ETH toward $2,145 before buyers attempt another recovery.
Derivatives liquidity adds another variable. Recent positioning has concentrated liquidation levels below price around 2,290, with additional liquidity near 2,380-2,400. A decisive move through the upper zone could trigger short liquidations and reinforce upside momentum, while a sharp rejection could accelerate downside volatility.
