Ethereum Whales Load Up Bags as Arthur Hayes Books Loss on ETH Trade
Big Ethereum Trade Sparks Market Talk
Arthur Hayes just sold a large amount of Ethereum after buying it only days earlier. He took a loss on the deal. At the same time many other big holders are buying more ETH near important price levels. This mix of moves has traders watching the market closely.
What Arthur Hayes Did
Hayes bought nearly 5900 ETH at an average price of around <1793 dollars>. He then sold 6000 ETH at an average price of about <1690 dollars>. The sale brought in roughly 10.14 million dollars but left him with a loss near 606000 dollars. The trade happened while Ethereum price sat near 1700 dollars far below its April high above 2400 dollars.
Other Large Buyers Step In
While Hayes stepped back other big players moved in. One investment firm pulled 10000 ETH worth 16.9 million dollars off Binance. Another wallet tied to a known entrepreneur bought 7650 ETH worth almost 12.9 million dollars. These buys came right as Ethereum tested a key support area near the 78.6 percent Fibonacci level around 1703 dollars.
Price Action and Key Levels
Ethereum bounced from a June low near 1507 dollars but could not break past the 61.8 percent retracement level at 1856 dollars. The daily RSI stays below 50 and the MACD line sits under zero. This shows buyers have not yet taken full control. A clear trading range now sits between 1500 and 1800 dollars. A break above or below could set the next big move.
Liquidity Zones Traders Watch
Liquidation maps show heavy clusters between 1780 and 1820 dollars with the biggest pocket near 1800 dollars. Price often moves toward these spots to clear leveraged positions. On the four hour chart Ethereum stays below a falling trend line from early May and the Supertrend tool still flashes bearish. A push past 1780 dollars could open the door to 1856 dollars. Losing 1700 dollars might send price toward 1620 dollars and then the June low at 1507 dollars.
What This Means for Traders
Hayes exit shows even experienced traders can get caught in fast moves. At the same time steady buying from other large wallets near support hints at strong hands still believe in Ethereum long term. The market now sits at a crossroads. Watch the 1700 to 1800 dollar zone closely because a clear break could decide the next trend.
