#ETH
šØ $ETH Binance Traders Are Dumping ā Whatās Going On?
Over the past 12 hours, Ethereum has faced strong sell pressure, as seen in the net taker volume on Binance.
This means more traders are market selling than buying ā showing real panic in the short term.
š„ Why the panic?
Rising geopolitical tensions (possibly linked to conflicts or war fears)
Traders reacting with fear, pulling back their buy orders
Uncertainty spreading across all risk assets
š Technical Insight:
Net Taker Volume (12h) on Binance shows heavy red (negative), meaning strong sell dominance
RSI (Relative Strength Index) on the 4H chart is dropping close to 30 ā this usually signals oversold conditions
Price retested the $2,430ā$2,450 zone, a known support area
š§ Remember:
During the RussiaāUkraine conflict in early 2022, ETH dropped fast... but recovered within weeks.
War-driven panic often causes short-term dumps followed by bouncebacks
ETHās fundamentals (DeFi, L2 growth, staking) remain strong
š§ So, is this panic ā or a long-term breakdown?
Itās too early to say, but signs point to fear-driven reactions, not a collapse of Ethereumās value. Watch for confirmation before making big moves.