The cryptocurrency market is abuzz with significant on-chain activity involving a major Ethereum whale, often referred to as an 'OG' from the 2015 ICO era. According to data shared by a prominent crypto analyst on social media, this whale, who originally acquired 100,000 ETH during Ethereum’s initial coin offering at a staggeringly low cost of $0.31 per ETH, has been actively selling off portions of their holdings. Over the past two weeks, the whale has offloaded a total of 4,620 ETH at an average deposit price of $2,592 per ETH. If sold at this price, the profit from these transactions would amount to an estimated $11.97 million. Just four hours ago, as of June 3, 2025, at approximately 10:00 AM UTC, the same wallet address deposited an additional 617 ETH, valued at $1.58 million, to the Kraken exchange. This leaves the whale with a remaining balance of 24,381 ETH, still held at the original cost basis of $0.31 per ETH, showcasing an unrealized profit in the hundreds of millions. This activity, tracked via on-chain intelligence tools, signals potential selling pressure on ETH in the short term, drawing attention from traders looking to capitalize on price movements. For those searching for 'Ethereum whale selling trends' or 'ETH price impact from large holders,' this event provides critical insights into market dynamics. The consistent selling by such a large holder could influence sentiment, especially in a market already navigating volatility from macroeconomic factors and stock market correlations.

From a trading perspective, the implications of this whale’s activity are multifaceted. The repeated deposits to Kraken, a major centralized exchange, often precede selling, as whales typically move assets to exchanges for liquidation. The latest transaction of 617 ETH at around 10:00 AM UTC on June 3, 2025, valued at $1.58 million, aligns with ETH trading near $2,560 on major pairs like ETH/USDT and ETH/BTC across platforms such as Binance and Coinbase. This selling pressure could push ETH prices lower if demand doesn’t absorb the supply, particularly as trading volume for ETH/USDT on Binance was recorded at approximately 1.2 million ETH in the last 24 hours as of 2:00 PM UTC on June 3, 2025. Additionally, cross-market analysis shows a correlation between crypto and stock markets, with the S&P 500 showing a slight decline of 0.3% on June 2, 2025, potentially signaling risk-off sentiment. This could exacerbate downward pressure on ETH, as institutional investors often reduce exposure to high-risk assets like cryptocurrencies during stock market dips. Traders might find short-term opportunities by monitoring ETH’s support levels or setting stop-loss orders below key thresholds. For those exploring 'Ethereum price prediction after whale sell-off' or 'crypto trading strategies during market dumps,' watching on-chain flows and exchange deposit spikes is crucial.

Digging into technical indicators, ETH’s price on June 3, 2025, at 12:00 PM UTC hovered around $2,550 on the ETH/USDT pair, showing a 2.1% decline over the past 24 hours, per data from CoinMarketCap. The Relative Strength Index (RSI) for ETH stands at 42, indicating a neutral to slightly oversold condition, while the Moving Average Convergence Divergence (MACD) shows bearish momentum with a negative histogram. On-chain metrics reveal a spike in exchange inflows, with over 5,000 ETH deposited to centralized exchanges in the last 48 hours as of 1:00 PM UTC on June 3, 2025, aligning with the whale’s activity. Trading volume for ETH/BTC on Kraken also surged by 15% in the same period, suggesting increased liquidation activity. Meanwhile, correlation with stock markets remains evident, as Nasdaq futures dropped 0.4% on June 3, 2025, at 9:00 AM UTC, reflecting broader market caution. Institutional money flow data indicates a slight outflow from crypto funds, with $120 million exiting Ethereum-based ETFs in the past week, as reported by CoinShares. This confluence of factors—whale selling, bearish technicals, and stock market weakness—points to heightened volatility for ETH. Traders searching for 'ETH technical analysis today' or 'impact of stock market on Ethereum' should note these data points for informed decision-making.

Lastly, the interplay between crypto and stock markets underscores the importance of cross-market analysis for traders. The whale’s selling coincides with a cautious stock market environment, potentially driving risk-averse behavior among retail and institutional investors. As Ethereum remains a bellwether for altcoin sentiment, its price action could influence tokens like Polygon (MATIC) and Arbitrum (ARB), which often follow ETH’s lead. Monitoring institutional flows between stocks and crypto, especially via ETF activity, will be key to predicting sustained selling pressure. For traders eyeing 'crypto trading opportunities during stock market dips,' this scenario presents both risks and potential entry points at lower price levels.

FAQ:
What does the recent Ethereum whale selling mean for ETH price?
The selling of 4,620 ETH over two weeks by a 2015 ICO whale, with an additional 617 ETH deposited to Kraken on June 3, 2025, at 10:00 AM UTC, suggests potential downward pressure on ETH’s price, currently around $2,550. If demand doesn’t absorb this supply, prices could test lower support levels.

How does stock market movement affect Ethereum?
Stock market declines, such as the 0.3% drop in the S&P 500 on June 2, 2025, often correlate with reduced risk appetite in crypto markets. This can lead to outflows from assets like ETH, as seen with $120 million exiting Ethereum ETFs last week, amplifying selling pressure.