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Ethereum faces selling pressure as dormant whale moves $5M ETH and long liquidations surge

Market News
12 Aug 2026
AMBCrypto
View Source
Neutral
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Ethereum has struggled to recover above $2,000, with a dormant ICO whale moving $5 million worth of ETH after 11 years, hinting at possible selling pressure. Long liquidations have spiked, suggesting some traders are exiting positions, while buying activity continues as indicated by rising Accumulation/Distribution. The price remains stuck in a sideways range between $1,830 and $1,950, with a breakout above $2,000 or a drop to $1,550 possible next moves. This mixed activity shows both buying interest and selling pressure are influencing Ethereum's price recovery attempts.

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