🔻 ETH Faces Bearish Momentum
Ethereum has formed a bearish pattern on its daily chart, pointing to a potential 20% drop if it breaks below $2,700.
💰 $321M ETH Outflows – Accumulation Signal?
Despite the decline, over $321M worth of ETH has left exchanges, suggesting investors are accumulating, anticipating a rebound.
📊 Traders Bet on Short Positions
$73.5M in long positions at $2,680$325M in shorts at $2,780
Short traders dominate, reinforcing the bearish trend.
📉 ETH Price & Trading Volume Drop
ETH trades at $2,690, down 1.3% in 24H, with volume dropping 25%, signaling lower trader participation.
📊 Technical Outlook
Failing to hold $2,800 has intensified the downtrend.
A daily close below $2,700 could push ETH to $2,200.
RSI near oversold, hinting at further losses.
⚠️ Disclaimer: This post is for informational purposes only and does not constitute financial advice or endorsement.
Top comments (0)