Ethereum (ETH) Price Stabilizes After $540 Million Sell-Off, Outperforms Crypto Market

Ethereum (ETH) has demonstrated notable resilience, with its price stabilizing following a significant sell-off wave totaling approximately $540 million. This movement, primarily driven by large-scale transfers from wallets to exchanges, initially exerted downward pressure on ETH. However, the leading altcoin has managed to recover and is now outperforming the broader cryptocurrency market. Analysts point to strong underlying demand and robust network fundamentals as key factors supporting Ethereum's price floor. The market's ability to absorb such a substantial sell order without a prolonged crash is being viewed as a positive signal for ETH's mid-term strength, suggesting a potential decoupling from general market trends.