\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tThe spot ETH ETFs are on a violent streak, but whales have stepped up. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
ETH joined the market-wide correction over the past few days, dropping from $2,200 to a three-week low of $1,970 before it recovered slightly to the current $2,000.<\/p>\n
This is the asset\u2019s most crucial level for the time being, and it\u2019s close to breaking below it. As such, analysts have rushed to offer some insight on what might happen to its price if it\u2019s lost or if it manages to bounce off decisively.<\/p>\n
Not only is Ethereum\u2019s native token down by 9% in just a few days from its Wednesday peak, but it has shed more than 16% of its value from the previous week\u2019s high at approximately $2,400. The most obvious reasons for this 10-day decline could be linked to the US Federal Reserve\u2019s hawkish stance on rate cuts and the growing uncertainty in the Middle East, as the war has long escaped the region, at least in terms of economic impact.<\/p>\n
In addition, ETH investors using the spot ETFs<\/a> to gain exposure to the asset have entirely changed their strategy. Data from SoSoValue shows that they accumulated ETF shares for six trading days straight, from March 10 to March 17. However, the streak was broken on March 18, and it has been nothing but red since then.<\/p>\n In fact, investors have pulled out over $440 million during this eight-day consecutive withdrawal phase, and the cumulative net inflows have dropped to $11.52 billion.<\/p>\n Popular analyst CW noted that retail investors have also been selling ETH \u201cout of fear,\u201d but outlined the silver lining: \u201cwhales are absorbing the selling volume.\u201d Their data shows that the buy orders for the largest altcoin remain \u201cvery strong,\u201d and there are no significant sell orders placed.<\/p>\n Buy orders for $ETH<\/a> are very strong, and there are no sell orders.<\/p>\n Whales are absorbing the selling volume from retail investors.<\/p>\n When whales drive down the price, retail investors sell out of fear, and the whales absorb that volume again. pic.twitter.com\/t0fBa9hP43<\/a><\/p>\n \u2014 CW (@CW8900) March 28, 2026<\/a><\/p>\n<\/blockquote>\n Fellow analyst Ted Pillows outlined the significance of the $2,000 level, which is being tested now. He noted<\/a> that ETH could push toward $2,150 if it reclaims it decisively, but it could dump to \u201cnew lows\u201d if it loses it.<\/p>\n In a separate tweet, Pillows added that ETH could rebound to the first liquidity cluster at around $2,100 shortly, only to resume its downtrend after it sweeps it.<\/p>\n $ETH<\/a> short-term downside liquidity has been mostly taken out.<\/p>\n There are decent liquidity clusters around the $2,100 level, which could be next.<\/p>\n After that, Ethereum will continue its downtrend. pic.twitter.com\/CZbtgi7O5W<\/a><\/p>\n \u2014 Ted (@TedPillows) March 28, 2026<\/a><\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n <\/p><\/div>\nWhales Stepping Up<\/h2>\n
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You may also like:<\/h3>\n
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![<\/a>Spot Ethereum ETF Flows. Source: SoSoValue<\/figcaption><\/figure>\nWhales Stepping Up<\/h2>\nPopular analyst CW noted that retail investors have also been selling ETH \u201cout of fear,\u201d but outlined the silver lining: \u201cwhales are absorbing the selling volume.\u201d Their data shows that the buy orders for the largest altcoin remain \u201cvery strong,\u201d and there are no significant sell orders placed.<\/p>\n\nBuy orders for $ETH<\/a> are very strong, and there are no sell orders.<\/p>\nWhales are absorbing the selling volume from retail investors.<\/p>\nWhen whales drive down the price, retail investors sell out of fear, and the whales absorb that volume again. pic.twitter.com\/t0fBa9hP43<\/a><\/p>\n\u2014 CW (@CW8900) March 28, 2026<\/a><\/p>\n<\/blockquote>\nYou may also like:<\/h3>\nFellow analyst Ted Pillows outlined the significance of the $2,000 level, which is being tested now. He noted<\/a> that ETH could push toward $2,150 if it reclaims it decisively, but it could dump to \u201cnew lows\u201d if it loses it.<\/p>\nIn a separate tweet, Pillows added that ETH could rebound to the first liquidity cluster at around $2,100 shortly, only to resume its downtrend after it sweeps it.<\/p>\n\n$ETH<\/a> short-term downside liquidity has been mostly taken out.<\/p>\nThere are decent liquidity clusters around the $2,100 level, which could be next.<\/p>\nAfter that, Ethereum will continue its downtrend. pic.twitter.com\/CZbtgi7O5W<\/a><\/p>\n\u2014 Ted (@TedPillows) March 28, 2026<\/a><\/p>\n<\/blockquote>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/Screenshot-2026-03-28-145548.png\"){kind=link}