๐จ #Ethereum Update
ETH faced rejection at the $5,000 mark in August as profit-taking slowed momentum. ๐
September could still be tricky:
๐ด Cumulative Net Taker Volume on Binance dropped below -$2.4B, showing strong selling pressure.
๐ป Open Interest fell from $11B โ $9B, signaling reduced trader exposure.
โณ Validator unstake queue hit a record 986,408 ETH with a 17-day wait โ potential selling pressure ahead.
๐ But with bearish sentiment peaking, many analysts see September as a buying opportunity before a potential Q4 rebound. ๐
