Ethereum Price Drops Below Whale Realized Price

Ethereum's price decline has sparked concerns about market support and ongoing liquidation risks. According to recent data, the cryptocurrency has fallen below the whale realized price of approximately $1,900, suggesting that many large holders are facing unrealized losses.

The price is also trading below a significant long-term benchmark on Binance, a rare occurrence that typically signals weakening market confidence. This decline has added to the overall bearish sentiment in the market, with recent liquidations worth over 21,540 ETH ($34.1 million) contributing to the selling pressure.

Additionally, nearly $547 million in leveraged positions remain at risk, further exacerbating the situation. While retail buyers are active near the $1,550-$1,600 range, large holders continue to sell, creating a fragile balance that hinders a strong recovery.