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Dormant whale sells 10,000 ETH amid weak demand and oversold conditions, signaling fragile Ethereum support.

Market News
05 Jun 2026
AMBCrypto
View Source
Bearish
pluang ai news

A previously inactive wallet sold 10,000 ETH for $17.72 million USDC, highlighting a broader risk-off trend with $3.5 billion exiting stablecoins this week. Ethereum is correcting over 33% from its peak, testing key $1,500 support, while its RSI hits a 7.5-year oversold low, yet buying interest remains weak. Staking inflows are slowing, and short positions are profiting, suggesting potential downside if $1,500 support fails and leverage increases. This points to fragile ETH price structure and weak dip demand amid market uncertainty.

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