- Ethereum price remains strong despite Aztec transferring $37 million worth of ETH to Coinbase.
- Market absorbs sell-off fears as ETH maintains bullish momentum.
- A break above $2,385 puts ETH on track towards the $2.9K target.
The Ethereum price is showing remarkable resilience as the coins continue to trend upward, despite the significant on-chain movement being undertaken by the Aztec Network. The project recently transferred nearly $37 million from Ethereum to Coinbase. Although the move has raised concerns about a potential sell-off, the price of ETH remains in positive territory.
Large transfers of cryptocurrencies to exchanges often indicate that a liquidation may occur soon. This could put cryptocurrencies under pressure. But here, the Aztec move did not push down Ether prices, and the token was able to maintain its upward trend. Instead of triggering a sharp pullback, the market appears to be absorbing potential selling pressure easily.
Ethereum price shows strength amid sell signals
Ethereum price currentlyEthereum3.83% It is showing strong momentum, with the price rising about 4% within a day. As of press time, the token is worth $2,416, representing a significant rise of 7.5% and 8.8% over the past week and month, respectively. This upward trend comes after a period of consolidation Ethereum price stopped at around $2K.
This positive trend is also visible in trader sentiment. With 24-hour trading volume rising by about 30%, to $26.23 billion, it indicates that the community is increasingly accumulating ether. They remain confident about the altcoin’s future despite signs of widespread liquidation.
It is worth noting that the current upward trend in the price of Ethereum comes amid Aztec Network’s transfer of 15 thousand ETH, worth $37 million, to Coinbase. Typically, when large amounts of ETH are transferred to cryptocurrency exchanges, it creates fear among traders that selling pressure may increase. This often leads to short-term declines, as investors react quickly to such moves.
However, the current market reaction was completely different. Instead of declining, ETH has managed to hold steady and even continue its upward trend. This indicates that buying demand is strong enough to overcome any potential selling. Thus, it helps maintain price stability despite warning signals.
Aztec Network moves all ETH auction funds to Coinbase
Interestingly, Aztec Network transferred all Ethereum It was raised from last year’s token auction to Coinbase, Lookonchain revealed. The final transfer includes 5,020 ETH, worth approximately $12.3 million. According to on-chain data, this transaction was completed recently, marking the end of a series of transfers. Over the past few months, the platform has transferred funds in parts to the exchange.
Last December, Aztec sold 15% of its AZTEC tokens and raised approximately 19,388 ETH, worth about $59 million at the time. Later in February, the exchange used a portion of these funds, approximately 4,234 ETH, to provide liquidity during a token creation event. The rest of the assets, totaling more than 15,000, have now been completely transferred.
Ethereum price is heading towards $2.9K
Instead of panicking amid sell signals, analysts and experts remain optimistic about the future of the ethereum token. This is mainly due to the fact that ETH has surpassed past key levels; It has crossed the major resistance level around $2,385.
Ethereum $ Ethereum Opens the way to $2900!
Ethereum has officially cleared the x-axis of its ascending triangle, breaching the critical $2,385 resistance level.
This breakthrough represents a major structural shift. By turning $2,385 into a support floor, ETH neutralized… https://t.co/NLesHeyzQH pic.twitter.com/Pi0H5ypcts
– Ali Charts (@alicharts) April 17, 2026
In a recent X post, analyst Ali Martinez mentioned that $2,385 has been a major barrier for some time. But the recent breakout suggests that buying momentum is on the rise.
With this move, previous signs of weakness in the Ethereum price faded. Now the breakout level acts as an important support area. This shift is important because it shows that the trend is turning positive, with buyers taking control of the market.
Furthermore, the analyst added that the potential target for Ethereum price could be $2,900 if it continues to stay above the current level. Right now, the market looks strong, and an uptrend is likely.
