Ethereum Faces Historic Selling Pressure: Key Levels to Watch
Critical Market Update
$418M net sell imbalanceĀ (2nd largest in
$ETH history)
115,400 ETHĀ more sold than bought in single day
Price testingĀ $3,600-$4,000 resistanceĀ - previous rally cap
Historical patterns suggestĀ 25-35% correction possible
Technical Breakdown
šĀ Bearish Signals
Net Taker VolumeĀ at extreme negative levels (similar to Dec 2024 before 66% drop)
Weekly RSI cooling from overbought territory
December 2024 parallel: Current setup mirrors last major reversal
šÆĀ Potential Targets
$2,736Ā (50-week EMA)
$2,333Ā (200-week EMA)
*Timeline: September-October 2025*
Key Levels to Monitor
šĀ Resistance: $3,600-$4,000 (make-or-break zone)
š”ļøĀ Support:
$2,736 = 50-week moving average
$2,333 = 200-week moving average
Trader Sentiment & Market Dynamics
Current selling reflectsĀ profit-taking/capitulation
Similar historic patterns led toĀ steep corrections
Watch forĀ RSI continuationĀ below 70
Strategic Takeaways
ā
Ā Short-term traders: Consider resistance bounce potential
ā Ā Long-term holders: Prepare possible accumulation zones near $2,700
šĀ Volume watch: Sustained selling could accelerate downward move
Why This Matters: Ethereum faces its most significant sell pressure in months. The $3,600-$4,000 zone will determine whether this is a healthy pullback or start of deeper correction.
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