Ethereum faced intense sell-offs, with $321.3M in taker sell volume in one minute on June 21.
Price dropped from $2,550 to $2,380, signaling heavy liquidations and bearish momentum.
Volatility surged as traders reacted to global tensions and persistent market exits.
With taker sale volume across exchanges hitting $321.3 million in a single minute, Ethereum has seen a sharp increase in sell pressure. This spike, which was announced on June 21, has shaken traders and added more volatility to the short-term outlook for the cryptocurrency.
Aggressive Selling Dominates Ethereum Markets
Ethereum’s recent price action has been defined by heavy sell-side activity, especially from June 18 through June 21. According to a post by Maartunn, Ethereum traded near $2,500 on June 18 as taker sell volume hit $75.2 million, signaling immediate action from aggressive sellers. Throughout the day, Ethereum’s price wavered between $2,480 and $2,520, with sell volume repeatedly topping $50 million, indicating persistent exits and liquidations.
https://twitter.com/JA_Maartun/status/1936113832339894664
Ethereum encountered downward resistance during the hours, reaching $2,460 multiple times as sellers kept control. The cryptocurrency stabilized a little on June 19 between $2,480 and $2,530, although the amount of sales was still high. A cautious attitude by whales and institutions was reflected in several green spikes, which ranged from $50 million to $125 million, indicating that market participants were still keen to dump assets.
Volatility and Liquidations Shape Ethereum’s Price Path
Ethereum’s volatility intensified on June 20, with the price briefly rallying to $2,560 before collapsing to $2,480 as sell volume accelerated. Multiple spikes above $150 million highlighted fierce market exits, and the most extreme activity emerged on June 21 when taker sell volume exploded past $325 million. Ethereum fell precipitously from over $2,480 to $2,420 during this time, ending the session under tremendous strain and with no signs of rebounding.
Recent changes in the business have caused priorities to shift, and traders are now closely monitoring every Ethereum move for clues about public sentiment. It is clear that aggressive liquidations, risk-off trading, and downward momentum are indicated by the price fluctuations and volume increases. Every session since June 18 has added to the bleak outlook, with Ethereum losing almost $170 in value and breaching significant support levels.
Ethereum Price Performance and Continuing Market Uncertainty
Ethereum's June 18 daily candlesticks have revealed a setting of heightened volatility and rapidly shifting markets. The session began near $2,540 but reversed right away to conclude at $2,480, marked by strong bearish candles and massive liquidations. Ethereum moved between $2,480 and $2,520 on June 19, with mixed candle structures exhibiting transient bounces but an overall defensive attitude.
The price action on June 20 restated the prevailing indecision, with Ethereum fluctuating between $2,500 and building small-bodied candles as both buyers and sellers wrestled for control. June 21 was the most turbulent day, however, as Ethereum dropped from nearly $2,550 to just over $2,400, fueled by a steep drop in candle and one of the week's biggest daily falls.
During these sessions, Ethereum has lost nearly $170 of value, falling from $2,550 to approximately $2,380. Such a set of events reflects extreme liquidation, risk-off sentiment, and an open downtrend in the Ethereum daily candlestick pattern. The huge selling pressure and stinging losses have kept the traders on their toes, with numerous traders waiting for stabilization signs or breakdowns as the war in the Middle East and global volatility continue to temper sentiment.
The post Ethereum Plummets as $321.3M Sell Volume Strikes in One Minute on June 21 appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
