๐จ๐ ๐๐๐ต๐ฒ๐ฟ๐ฒ๐๐บ ๐ฃ๐ฟ๐ถ๐ฐ๐ฒ ๐ฃ๐ฟ๐ฒ๐ฑ๐ถ๐ฐ๐๐ถ๐ผ๐ป โ ๐ช๐ถ๐น๐น ๐๐๐ต๐ฒ๐ฟ ๐๐ฟ๐ผ๐ฝ ๐๐๐ฟ๐๐ต๐ฒ๐ฟ? ๐คฏ๐คฏ
Whale Dumping Intensifies:
Ethereum has come under pressure due to increased whale sell-offs, with the Ethereum Foundation among the latest to offload tokens.
Ethereumโs 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.
Ethereumโs 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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