Ethereum price outlook: whales exit as spot activity heats up

Ethereum price outlook [https://invezz.com/wp-content/uploads/2025/08/Ethereum-price-outlook.png] Ethereum (ETH) is facing a decisive phase as major whales reduce their holdings while trading activity on spot markets rises. The cryptocurrency has managed to stay above key support levels, but conflicting signals from on-chain flows, leveraged trading, and technical charts are leaving traders split on its next move. At press time, Ethereum traded at $4,483, up nearly 3% on Sunday. Notably, despite recent turbulence, ETH remains 78% higher year-over-year, underscoring the strength of its broader recovery. WHALES TRIM HOLDINGS AS LIQUIDITY FEARS GROW In the past two weeks, Ethereum whales offloaded more than 430,000 ETH, valued at roughly $1.8 billion. This selling pressure drove whale balances to their lowest in weeks and raised concerns about market resilience. Historically, such exits have often preceded price corrections as liquidity thins and selling pressure grows. At the same time, not all large players are heading for the exit. A separate report from LookonChain shows that a high-profile whale recently swapped 4,000 BTC, worth around $4.35 billion, for 96,859 ETH within 12 hours. That whale now holds 837,429 ETH…