Why is ETHUSD dropping after the whale deposit?

Whale deposits to exchanges typically signal preparation for selling. The $543 million deposit suggests large holders are liquidating positions, creating selling pressure that pushes ETHUSD lower. Combined with the bear pennant pattern, this activity indicates informed traders expect further price declines.

What is the bear pennant pattern on ETHUSD?

A bear pennant is a technical pattern showing consolidation after a sharp decline. It suggests the downtrend will resume after a brief pause. ETHUSD's bear pennant indicates potential breakdown toward $1500 if support at $1936.44 breaks.

Can ETHUSD hold the $1936.44 support level?

Support at $1936.44 is critical but vulnerable given whale selling and reduced trading volume. If this level breaks, the next support sits at $1900, then $1500. Market data suggests this level faces significant pressure from current selling activity.

What is the ETHUSD price forecast for 2026?

Monthly forecast targets $1542.36, quarterly targets $2571.46, and yearly targets $3118.61. These wide ranges reflect uncertainty about when selling pressure will ease and recovery can begin. Actual outcomes depend on regulatory developments and market sentiment shifts.

How does ETHUSD technical analysis look today?

RSI at 49.07 is neutral, MACD shows mixed signals, and ADX at 24.43 indicates weakening trend strength. Bollinger Bands show ETHUSD below the middle band, suggesting downside bias. Overall, technicals favor lower prices if support levels break.

Crypto Insights

Ethereum USD Faces 40% Crash Risk as Whale Dumps $543M

ByHuzaifa Zahoor February 17, 2026February 17, 2026

Ethereum USD (ETHUSD) is trading at $1991.73 as of February 16, 2026, up 1.34% today, but technical patterns suggest significant downside risk ahead. A legendary whale recently deposited $543 million worth of ETH to exchanges, signaling potential selling pressure. The bear pennant pattern forming on charts indicates ETHUSD could face a 40% crash if key support levels break. Market data shows the cryptocurrency has already declined 39.66% over the past month, raising concerns about further deterioration. Understanding these technical signals and market dynamics is crucial for anyone tracking ETHUSD price movements.