Smart-money Sells 2,857 ETH for $5.2M — Short-term Caution for Ethereum
I noticed a smart-money wallet liquidated 2,857 ETH, realizing roughly $5.2 million in profit.
That level of profit-taking from a large holder suggests distribution and could create short-term selling pressure on Ethereum.
I will watch exchange inflows, whale activity and volume; until I see sustained accumulation I remain cautious about adding new long exposure.
Analysis
Recommendation
I would reduce exposure or avoid initiating new long positions now; consider selling into strength and wait for a confirmed pullback and renewed on-chain accumulation before buying.
Disclaimer
The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.