Ethereum Whales Unload 14,000 ETH at $2,346 - Can Buyers Absorb the Selling Pressure?
TL;DR
- 7 Siblings sold 14,000 ETH for $32.85 million at an average price of $2,346.
- Another whale sold 11,252 stETH and 1,824 ETH, converting roughly $30.78 million into USDT.
- ETH trades at $2,400, up 3.58% in 24 hours, while ETF inflows and exchange withdrawals support buyer demand.
Ethereum whales are adding supply near a key resistance area, but spot demand and exchange outflows suggest buyers are still absorbing available ETH. The 14,000 ETH sale came from 7 Siblings at $2,346, while another wallet sold 11,252 stETH and 1,824 ETH. ETH trades at $2,400, up 3.58% in 24 hours, keeping the recovery intact despite profit-taking.
Not all whales are buying $ETH — some are selling!
7 Siblings sold 14,000 $ETH($32.85M) at an average price of $2,346.
Whale 0xFD10 sold 11,252 $stETH($26.5M) and 1,824 $ETH($4.26M) for 30.78M $USDT.https://t.co/UWDVfGRL7Xhttps://t.co/KOxRcUw2zj pic.twitter.com/5GXXimBqUJ
- Lookonchain (@lookonchain) August 21, 2026
Ethereum Whales Test Buyer Conviction
The large transactions arrived after ETH advanced sharply from around $1,945, turning the 2,300-2,400 region into an important battleground. The 7 Siblings sale alone represented $32.85 million in ETH, while wallet 0xFD10 moved $26.5 million in stETH and $4.26 million in ETH into USDT. The combined activity shows that some large holders are locking in gains rather than waiting for higher prices. These transactions do not by themselves prove a broader bearish shift. The market response matters more, particularly whether spot buyers continue absorbing supply.
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