Ethereum’s year‑to‑date decline of 36 % has prompted a fresh wave of institutional selling. FG Nexus, a major holder, just offloaded 3,375 ETH worth $5.34 million, bringing its cumulative realized losses to $86.8 million. The move comes as ETH trades at roughly $1,573, down 2.8 % in the last 24 hours, and is still far from the $2,400 peak it reached earlier this year.
While institutions are pulling out, a handful of whales have taken the opposite stance. Sharplink and Tom Lee have each announced sizeable purchases, suggesting that some long‑term holders remain bullish. This divergence creates a mixed signal: the market is still under extreme fear, yet there is evidence of pockets of confidence that could drive a temporary rally.
For retail traders, the key takeaway is that ETH is still in a precarious position. The $1,500 support level remains critical; a break below could trigger further selling, while a bounce could signal a short‑term recovery. With volatility high and institutional pressure mounting, it’s wise to monitor price action closely and consider diversifying rather than chasing a single asset. Watching for any new institutional activity or macro‑economic shifts will help gauge whether the current bearish trend will persist or reverse.