Almost spilled coffee on my keyboard while watching the charts late at night—ETH’s recent moves are as dramatic as a plot twist in a suspense movie.

There’s an on-chain address marked as nemorino.eth, a major ETH holder, who just liquidated 5,000 ETH at $3,087. Let’s do the math: in just 12 days, over $1.8 million vanished. That’s enough to buy a decent house in many cities.

After the news broke, all kinds of opinions started circulating. Some people panicked and called for an exit, while others wondered if the shakeout was over and it was time to enter. I’ve been in this market for almost ten years, so today I’ll break this down—you decide what to do next.

Let’s look at the move itself—a textbook case of chasing the top and getting trapped.

Back on November 6, market sentiment was hot, and everyone was talking about ETH breaking $4,000. This whale probably got swept up in the hype and bought nearly 5,000 ETH around $3,452. Less than two weeks later, unable to withstand the volatility, they sold at $3,087, taking a loss. That’s a $365 loss per ETH, enough to buy a large apartment outright in a second-tier city.

Here’s the honest truth: even big players with deep pockets can get burned. If regular investors jump in just because they see someone else’s profit screenshots, it usually doesn’t end well. I’ve seen it too many times—when the big money quietly exits, newcomers who follow the crowd are left holding the bag at the top. The busier the market, the more you need to stay calm.

Interestingly, the technicals are showing the opposite signal to this whale’s panic sell—the MACD indicator just formed a golden cross.