Ethereum Price Prediction: Multi-Million Dollar Positions Liquidated – $2,000 Floor in Danger
Ethereum is under pressure again. It has lost more than 10% in the past week, with the ETH price trading near $2,118. Trading volume also fell 33%. That shows fewer people are buying during a time when many are selling.
The wider crypto market has had a hard time. Rising U.S. Treasury yields made people pull back from risky things. But Ethereum dropped more than most large coins. Over $700 million in ETH long bets got wiped out during the sell-off. That made prices fall even more.
Also, CryptoQuant data showed wallets with 100 to 10,000 ETH sold about 386,000 ETH between May 11 and May 18. That wave of distribution has raised fresh concerns that the $2,000 support zone may not hold.
What you'll learn 👉
Ethereum Whales Exit the Network as Exchange Inflows Rise
Crypto analyst Ali Charts pointed to another troubling development for Ethereum. Over the past two months, nearly 60 whale wallets holding at least 10,000 ETH either emptied their balances completely or consolidated funds elsewhere. Those wallets controlled multi-million dollar positions, making the movement difficult to ignore.
Large holders usually move carefully because selling too aggressively can damage liquidity and hurt their own exits. That is why this kind of coordinated reduction often matters. The latest decline in whale addresses lines up with stronger exchange inflows, which usually means more ETH is becoming available for sale. Traders are watching this closely because exchange balances tend to increase before extended downside moves.
Ethereum whales appear to be exiting the network!
— Ali Charts (@alicharts) May 19, 2026
Over the past two months, approximately 60 whale addresses holding 10,000 $ETH or more have completely emptied or consolidated their balances.
When distinct entities with multi-million dollar positions exit the network in such a… https://t.co/01CMk9QFPE pic.twitter.com/ViQiXSl30r
The timing also matters. The Ethereum price had already broken below the important $2,170 support area before this whale activity accelerated. Once that level failed, liquidations increased quickly and short-term sentiment weakened further. Ali Charts warned that the “path of least resistance” still points lower for now, with the $2,000 psychological floor becoming the key level traders are monitoring.
Ethereum Chart Analysis
We had a look at the ETH chart, and the structure still leans bearish in the short term. After peaking near the $2,450 zone earlier this month, Ethereum entered a steady decline with lower highs and lower lows forming across the 4-hour timeframe. Price has now slipped into the $2,100 region after losing momentum during the second half of May.
The stochastic RSI on the chart is trying to climb back from oversold territory. The indicator is now moving above the middle range. That could lead to a short-term bounce if buyers hold this area. However, overall expectations remain quite pessimistic. ETH continues to trade below its key resistance region, which is located around $2,170-$2,250 levels. As long as bulls fail to regain the mentioned area, bears remain in control.
Momentum indicators also show uncertainty instead of strong accumulation. The lower indicator panel is moving sideways around neutral territory, which matches the drop in trading volume. Buyers have not stepped in aggressively despite the correction. That creates a fragile setup where another wave of liquidations could push the ETH price closer to the psychological $2,000 support zone.
Related Ethereum News: Crypto Price Prediction for Today, May 20: Ethereum (ETH), Solana (SOL) and XRP
Where the Ethereum Price Could Go Next
Likely Path
If the ETH price remains within the range of $2,000 to $2,170 in the coming days, it implies that due to high amounts of large holders selling their coins as well as low volume, traders are being cautious about ETH. However, the ETH price could experience a slowdown due to being oversold.
Bearish Scenario
If people keep selling and more ETH moves to exchanges, the Ethereum price could fall below $2,000. Losing that level would bring the next areas near $1,920 and then $1,850. Another round of liquidations could make the drop happen faster, especially if Treasury yields keep pushing down on risky things like crypto.
Bullish Scenario
For ETH to turn around, it needs to take back $2,170 and turn that level into a floor. If buyers do that, ETH could recover toward $2,250 and later test the $2,350 area again. Stronger volume and reduced exchange inflows would be needed to support that move.
The Bitunix ETH dual investment product may encourage some holders to keep custody of their coins, though macro conditions still carry more weight over short-term price action.
Ethereum is entering a critical zone. Big wallets have sold off some of their ETH, and liquidations have passed $700 million. The market is still hunting for steady buyers after the drop below $2,170.Traders have their eyes on $2,000.
Trading volume is low, so ETH could fall more if selling returns. Buyers still have a chance to steady things, but they need to take back lost support levels fast before things get worse.
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