Crypto Trader and analyst Ali Martinez, known on the X social media platform as @Ali_Charts, reports that over the past two days, a massive cryptocurrency whales have offloaded a massive amount of Ethereum for nearly $5 billion.
Analysts also revealed the important reasons why it is likely that they pushed the whale into that step.
90,000 ETH sold within 48 hours, for a main reason
Martinez shared a chart provided by on-chain data company Santiment. This shows that the rapid decline in whale holdings coincides with Ethereum’s 6.53% price decline over the past few days. At the time, the second-largest cryptocurrency fell from its local peak at $4,757 and landed at the $4,510 level. The whales seem to have decided to lock their profits as they saw prices drop. These were wallets holding 10,000-1,000 ETH.
Currently, Ethereum is rebounding 1.42%, changing hands at $4,510 after reaching $4,548 before today.
Whale has sold 90,000 Ethereum $eth in the last 48 hours! pic.twitter.com/yqffmqs38z
– Ali (@Ali_Charts) September 17, 2025
Tom Lee predicts Ethereum to $5,500 by mid-October
Earlier this week, Fundstrat’s Tom Lee spoke to CNBC and shared that he expects Bitcoin and Ethereum to surge in the next three months as he can “monster moves.”
According to Lee, the main trigger for that is the interest rate cuts announced today by Fed Reserve Chair Jerome Powell. The smallest price jump for Ethereum he expects to see is $5,500 by mid-October.
