Ethereum Under Intense Selling Pressure — Crucial Levels Ahead
Market Snapshot:
🔻 $418M Net Sell Imbalance — The second-largest daily outflow in Ethereum’s history
📉 Over 115,000 ETH sold more than bought in a single day
⚠️ Price is now battling the $3,600–$4,000 resistance zone — a key barrier from previous rallies
📅 Historical signals suggest a possible 25–35% correction in the coming weeks
🧠 Technical Breakdown
Bearish Indicators:
Net Taker Volume has plunged, mirroring December 2024 — just before ETH dropped 66%
Weekly RSI cooling off from overbought territory
Chart setup echoes past major reversals
🎯 Downside Targets (if correction deepens):
📌 $2,736 — 50-week EMA
📌 $2,333 — 200-week EMA
📆 Target Timeline: September to October 2025
📌 Key Levels to Watch
Major Resistance: $3,600 – $4,000 (critical decision zone)
Support Zones:
🛡️ $2,736 (50W EMA)
🛡️ $2,333 (200W EMA)
📊 Market Sentiment & Strategy
Current pressure driven by profit-taking and capitulation
RSI drop below 70 could confirm bearish momentum
Historic patterns show strong corrections followed similar setups
Strategic Moves:
✅ Short-term traders: Look for rejection at resistance for possible short setups
⚠ Long-term investors: Watch for potential buy zones near $2,700–$2,300
👀 Volume spike in selling = potential for sharper declines
🔍 Why This Matters:
Ethereum is at a critical technical and psychological juncture. Whether it holds above $3,600 or breaks down will signal if this is a healthy breather or the start of a deeper trend reversal.
