Ethereum Faces Historic Selling Pressure: Key Levels to Watch
Critical Market Update
$418M net sell imbalance (2nd largest in $ETH history)
115,400 ETH more sold than bought in single day
Price testing $3,600-$4,000 resistance - previous rally cap
Historical patterns suggest 25-35% correction possible
Technical Breakdown
📉 Bearish Signals
Net Taker Volume 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
🎯 Potential Targets
$2,736 (50-week EMA)
$2,333 (200-week EMA)
*Timeline: September-October 2025*
Key Levels to Monitor
🛑 Resistance: $3,600-$4,000 (make-or-break zone)
🛡️ Support:
$2,736 = 50-week moving average
$2,333 = 200-week moving average
Trader Sentiment & Market Dynamics
Current selling reflects profit-taking/capitulation
Similar historic patterns led to steep corrections
Watch for RSI continuation below 70
Strategic Takeaways
✅ Short-term traders: Consider resistance bounce potential
⚠ Long-term holders: Prepare possible accumulation zones near $2,700
📊 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.
