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Early Ethereum investor sells $136M in ETH and wstETH amid $2,000 price test

Market News
30 May 2026
Bitcoin
View Source
Bearish
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An early Ethereum investor sold about $136 million worth of ETH and wrapped staked ETH (wstETH) over the past week, averaging around $2,041 per ETH. This selling adds pressure as ETH tests the critical $2,000 support level, alongside ongoing ETF outflows. However, some whales are buying, signaling mixed market sentiment. The market will watch if selling continues or if new buyers emerge to stabilize prices.

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