Why does a whale depositing ETH to Aave matter for price?

Depositing to Aave removes coins from immediate spot markets, which can reduce near-term sell pressure. Those tokens may back loans, so eventual sales are still possible. In the short run, it often calms order books and narrows spreads. The net effect is a temporary supply tweak, not a guaranteed bottom for the ethereum price.

What key levels should Canadians watch today?

Focus on $1,900 for signs of stabilization, then $2,000 as a stronger momentum signal. On the downside, $1,880–$1,800 is the key demand band. A firm loss of $1,800 risks a move toward recent session lows near $1,742.79. Manage FX costs if your account is in CAD, since quotes are usually in USD.

Did Vitalik Buterin’s reported sales cause the drop?

Headlines likely added caution, but follow-through from broader whales drives the move. One sale is a signal, not proof of a trend. Watch on-chain flows and order-book data for confirmation. See context on the reported sale from Binance Square and the whale activity analysis from Blockchain.news before drawing firm conclusions.

Is the short-term trend bearish or neutral now?

Short term looks neutral to slightly bearish. RSI near 49 and ADX near 24 show moderate momentum without a strong trend. Price sits below the 50-day and 200-day averages, which tilts risk lower. A daily close above $1,900 helps the ethereum price stabilize. A loss of $1,800 would likely restore selling pressure.

Global Market Insights

ETHUSD Today, February 6: Whale Selling Eases as Aave Deposits Calm $1.8K Risk

ByDanny Kontos February 6, 2026February 6, 2026

The ethereum price is attempting to stabilize today as whale selling cools and new Aave deposits ease near-term supply. As of the latest print, ETHUSD trades near $1,924.24 after a volatile session that dipped to $1,742.79. A major wallet sold 6,899.5 ETH and moved 9,484.5 ETH into Aave, reducing immediate spot pressure. With a recent head-and-shoulders break and talk of Vitalik-linked sales, traders in Canada are watching the $1,880–$1,800 zone for signals on the next move.