A whale dumped 𝟭𝟲,𝟳𝟬𝟬 𝗘𝗧𝗛 ($31M) at $𝟭,𝟴𝟱𝟮 in a single trade, cutting the position roughly 33% below the $2,749 level where they FOMO-bought 8,631 ETH ($23.7M) just a month ago. Wallet: https://arkm.com/explorer/address/0xBE4265E12Cde8b8e1fFd54A92401037AB06a0c5F 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is a textbook capitulation. The whale bought near local highs, rode ETH down to multi-month lows near $1,850, and finally cut the position at a significant loss. Forced selling at cycle lows reinforces bearish momentum and adds immediate supply pressure on thin order books. ETH longs should treat this as weak-hand flushing rather than a contrarian bottom signal — the broader ETH sell-off is well-documented across multiple whale flows this week. ETH is testing the $1,850 support zone with this dump landing directly on it. Prior EF-linked wallet sales and a 7.3M ETH long liquidation earlier today add to the supply overhang. Key resistance above sits near $2,000. source: lookonchain Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=3447