According to Crypto Rover, significant whale panic selling of Ethereum (ETH) is currently underway, as highlighted by large on-chain outflows and rapid sell-offs on major exchanges (source: @rovercrc on Twitter, June 23, 2025). Despite this, Crypto Rover maintains a bullish stance, choosing not to sell. This divergence suggests potential short-term volatility and possible entry points for traders monitoring ETH price swings, especially as whale activity historically signals near-term bottoms or heightened volatility. Active traders should watch for increased volume and liquidity shifts on platforms like Binance and Coinbase for optimal ETH trading strategies.

According to Lookonchain, an early Ethereum ICO participant sold another 1,500 ETH worth $1.76 million six hours ago, bringing his total sales since April 17 to 16,500 ETH ($29.35 million) at an average price of $1,779. The participant still retains 13,500 ETH valued at approximately $24.82 million. These large-scale sales from a dormant wallet have increased short-term selling pressure on ETH and may impact price dynamics for traders monitoring whale movements. Source: Lookonchain (x.com/lookonchain/status/1918906158112293037).