- Major ETH holders sold and repurchased millions, reflecting mixed sentiment and active market repositioning.
- Exchange flows show $40M inflows and outflows, with price oscillating between $2,050 and $2,400 during March.
- ETH stabilizes near $2,050, with support at $2,000 and resistance at $2,200–$2,300, signaling consolidation.
Large Ethereum holders have moved significant amounts of ETH in March 2026, as selling activity and repositioning intensified across the market. According to Lookonchain, multiple high-value wallets executed major transactions while ETH traded near $2,000. These moves occurred alongside shifting exchange flows, reflecting mixed sentiment and growing uncertainty in short-term price direction.
Major Wallets Shift Positions
According to Lookonchain, Ethereum builder Thomas eth adjusted his position after earlier trades. On March 3, he sold 12,131 ETH valued at $24.24 million at $1,998. However, in the past week, he bought back 10,209 ETH worth $22.58 million at an average price of $2,211.
Meanwhile, another large holder with over 130,000 ETH also reduced exposure. This whale sold 5,000 ETH worth $10.31 million at $2,063. At the same time, the address repaid part of its debt while still holding 126,000 ETH on Aave, alongside roughly $122 million in loans.
Additionally, an early Ethereum participant identified as 0xa2F6 exited a significant portion of holdings. The wallet sold 15,002 ETH valued at $30.97 million. Notably, this holder originally received 172,700 ETH about ten years ago at $12.83 per token.
Exchange Flows and Price Reaction
Alongside these transactions, exchange flow data shows shifting behavior between March 11 and March 23. During March 11 to 15, ETH rose from around $2,000 to $2,150 despite mixed flows.
Intermittent outflows suggested accumulation during that period. However, between March 16 and 17, inflows surged to nearly $40 million. This coincided with a price move toward $2,350 to $2,400, followed by a pause in upward momentum.
Price Structure and Key Levels
From March 18 onward, conditions changed as ETH declined steadily. Large outflows between negative $40 million and $55 million appeared alongside a drop toward $2,050 to $2,100. Despite outflows often indicating accumulation, price continued to weaken.
By March 23, ETH stabilized near $2,050 with smaller, mixed flows. Key support remains at $2,000, while resistance stands between $2,200 and $2,300. Volume trends show reduced activity following the recent decline, indicating a period of consolidation.
