ETHUSD has flipped into a bearish breaker, hitting 2-week lows and triggering liquidations of bearish positions. The majority of the sell-side pressure is centered around the current market price (CMP) of $2,385.36.
This indicates strong downward momentum, with sellers dominating the market and driving prices lower.
Traders might watch this level for potential support or further breakdown, depending on upcoming market activity and sell-side intensity.
Keep an eye on whether this pressure persists or if a reversal or consolidation occurs around this price point.
