Ethereum Price Holds $4.4K as ETF Outflows, Whales Sell 90K ETH

Ethereum maintains support amidst ETF outflow and 90K ETH whale outflows, indicating strength under heavy selling pressure. The token remains above important support near $4,400, absorbing institutional outflows and large holder selloffs. In addition, analysts drew attention to strong technical patterns, along with long-term growth channels pointing to room for higher targets.

Ethereum Price Holds Key Levels Amid Whale Selling

Ethereum’s price is above $4400, which is in the range for significant whale activity. Analyst Ali Charts pointed out that within the last 48 hours, large holders dumped approximately 90,000 ETH. This selling can lead to short-term volatility, but hasn’t broken key supports.

Strong demand levels from retail and institutional investors are demonstrated as a stable price trend is observed while whales are liquidating stakes. Furthermore, ETH price holding these levels during heavy distribution demonstrates market resilience and investor confidence. This consistent buying power absorbs the effects of the recent selloff and extends the uptrend.

ETF Outflows Test Market Strength

Furthermore, market stability faced another challenge from sizable ETF outflows. Analyst Ted Pillows highlighted a $61.7 million outflow from Ethereum ETFs in one day. He also pointed out that BlackRock and Fidelity combined sold approximately $68.4 million worth of ETH.

Normally, ETF outflows add selling pressure and increase available supply. However, the Ethereum price stayed above critical support, showing firm demand from long-term holders and institutional buyers. As a result, the ability to absorb such outflows indicates widespread market confidence and suggests that Ethereum maintains a promising outlook in the long run.

Ethereum Price Technical Indicators Suggest Bullish Momentum

Despite recent selling, the technical indicators still look positive. Analyst Max Crypto pointed out a golden cross in the daily chart.  When the 50-day moving average line crosses above the 200-day moving average line, this signifies a continuation of rallies.

The golden cross suggests that Ethereum price may trend higher if support holds and buyer interest stays strong. Historically, once such patterns are formed, they lead to large bullish formations.

Long-Term Channel Targets

Moreover, analyst Merlijn The Trader gave a long-term bullish outlook for Ethereum. His chart

showed an upward channel projecting targets of $6,500, $8,000, and even $10,000 over time. Clarifying, Ethereum’s price already hit the previous round tops at $1,440, $4,400, and $4,800, which lends some credence to his forecasts.

Merlijn recommended patience and noted that disciplined investors may benefit from this prolonged uptrend. He noted that those who hesitate could miss out on opportunities, and those who aim to play the channel pattern may reap many future rewards.

In addition, this long-term view balances near-term volatility and supports expectations for sustained Ethereum price appreciation.