On the evening of February 13 эфириум traded at $2600, down 35% from its December 2024 high.
The leading altcoin’s fall comes amid declining investor demand. On Wednesday, the net outflow of funds from ETH spot funds was $40,95 million. TokenTerminal data shows that since the start of 2025, the blockchain Ethereum earned $179 million in commissions. It was overtaken by other popular networks, such as Solana и Tron.
There are all the signs that major holders are dumping their holdings. According to Lookonchain, one crypto whale has moved to the exchange Creak 20 Ethereum worth $000 million. The same whale sold 52,8 altcoins in January, and now has ETH worth $20 million.
This may be due to the fact that the price of Ethereum will continue to decline. The altcoin’s daily chart has formed a “death cross” pattern as the 50-day and 200-day exponential moving averages crossed each other. This “cross” is considered one of the most bearish patterns in technical analysis. When in August last year эфириум formed a “death cross”, its rate dropped by more than 20%.
On the other hand, a rebound above the 200-day moving average at $3090 could invalidate the bearish outlook and set the stage for further gains.