🚨👇 𝗘𝘁𝗵𝗲𝗿𝗲𝘂𝗺 𝗣𝗿𝗶𝗰𝗲 𝗣𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻 – 𝗪𝗶𝗹𝗹 𝗘𝘁𝗵𝗲𝗿 𝗗𝗿𝗼𝗽 𝗙𝘂𝗿𝘁𝗵𝗲𝗿? 🤯🤯
Whale Dumping Intensifies:
Ethereum has come under pressure due to increased whale sell-offs, with the Ethereum Foundation among the latest to offload tokens.
Ethereum’s price has slipped below $2,400, now testing the critical $2,300 support zone.
Market Sentiment Turns Negative:
On-chain data from Santiment highlights that Ethereum has become one of the most negatively perceived assets amid the recent market downturn.
Lookonchain reports a decline in Ethereum ETF inflows, with a net outflow of 3,422 ETH (-$8.32 million) as investors seek new opportunities like Lunex Network.
Technical Indicators Flash Warnings:
Moving averages indicate sell signals, though the 14-day RSI remains neutral, suggesting indecision in the market.
According to Ali Martinez, Ethereum must defend the $2,250 support level to prevent further decline. A breakdown below this level could trigger a 53% correction, exacerbating the bearish trend.
Ethereum’s immediate outlook remains uncertain, with technical indicators pointing to further downside risks. Investors will be closely watching the $2,250 support for signs of a potential bounce or deeper correction.
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