Ethereum Price Crash: $418M Whale Selloff Shatters ETH $4K Prediction

The latest Ethereum news today  is showing serious signs of exhaustion among the crypto market. Just as traders were eyeing a breakout $4k level, a sudden Ethereum whale selloff has thrown cold water on the bullish hopes.

With whales dumping nearly half a billion dollars in ETH and indicators turning full bearish, the market is asking: is the Ethereum price crash just beginning?

Let’s break down the numbers, the charts, and what insiders are really doing behind the scenes.

$418.8M ETH Dump Alert: Are Whales Preparing for Bigger Crash?

According to on-chain analyst JA_Maartun, and as shared the post by CryptoQuant , token's net taker volume just hit a jaw-dropping - $418.8 million. This means sellers outpaced buyers by a massive 115,400 tokens on a single day.

When such an imbalance appears in any cryptocurrency, it typically results in major price swings, triggering questions like, why is Ethereum price crashing . Historically, extreme negative taker volume hints at trader’s exiting positions ahead of expected price bleeding.

Is this the first major signal of a deeper Ethereum price crash? Well yes, we can say that, but it's not the whole picture, there are more reasons to it.

Who’s Dumping—and Why Now? Inside ETH Whale Selloff

Blockchain tracking firm Lookonchain has identified two wallet addresses making massive exits:

• 0xc156: Deposited 13,459 (~$49M) to Binance

• 0x46DB: Moved 5,504 (~$19.8M) to OKX

Source: Lookonchain X Post , August 6

These actions strongly indicate that Ethereum selling pressure has increased triggering the price drop today. Whether for profit-taking or fear of liquid staking loopholes, or expected FED rate cut, or some other macro triggers, it adds pressure right when the token needs stability the most.

ETH Price Rejection at $3,700: Technicals Flash Red

The current ETH price usd is trading near $3,626 on Binance TradingView chart. Despite a strong rally in July, the token has failed to maintain momentum above $3,700, showing repeated candle rejections at that level.

Key Technical Signals:

• RSI at 57.21, down from overbought 67+

• MACD crossover confirms weakening strength

• Support Zone: $3,450 – $3,600

• Resistance Zone: $3,700 – $3,750

The inability to form a new high since topping at $3,880 is a red flag that traders need to watch closely. As per my observation being a crypto analyst, the market is now testing support that—if the support breaks, then the coin will go into a deep Ethereum price crash scenario .

Delayed Explosion? $ETH $4K Prediction Still on Radar

Despite the bearish signs, negative ETH latest news , not everyone is pulling the leg. Popular analyst CryptoGoos tweeted, “Once it breaks $4,000, the real fireworks begin!”

It’s a bold call. But with the current trend of increased selling pressure, the bulls have serious work to do.

Any hope of reaching $4,000 soon hinges on defending $3,600 and quickly reclaiming $3,700 with volume. If that fails, the market may forget the fireworks and brace for a fire sale.

Conclusion: The Dump Is Real — Buy The Dip or Step Aside?

The sell signals are loud. Whales are dumping, indicators are cooling, and technical setups are cracking. Still, the token isn’t dead—it’s just facing its biggest test in weeks.

Investors need to weigh the risks carefully. Is this just a healthy reset before a breakout, or the early stages of an extended Ethereum price crash?

Either way, the next few days are critical. For some, it’s a buy-the-dip opportunity. For others, it may be the moment to step aside and watch the $ETH unexpectedly unfold from a safe distance.