🧨 Ethereum under pressure: long-term holders are coming out of the shadows — prepare for a storm?
On June 20, analysts recorded a troubling signal: the key on-chain indicator Liveliness reached an all-time high of 0.69. This means that long-term holders of Ethereum have begun to activate en masse, transferring assets from personal wallets to exchanges. Generally, such actions indicate preparation for selling, which could trigger a wave of profit-taking and increase pressure on the price.
📉 Financial momentum is weakening
The CMF index is also not inspiring optimism — it has fallen into negative territory to -0.08, indicating a decrease in capital inflows into Ethereum. This means that interest from buyers is waning, and this is yet another bearish signal.
🔮 Where will the price go?
If the current behavior of major players continues, it may retest the support zone at $2,185. If this level is breached, the market risks sliding down to the May low of $2,027.
However, not all is lost. If demand recovers, the altcoin may reverse and target key resistance around $2,745. This will only be possible with a return of bullish sentiment and an increase in market liquidity.
