🚨 Ethereum‘s Darkest Hour? 🤔
- Oh, Ethereum, how the mighty have fallen! 🤦♂️ A 55% plummet in 14 months, amidst a relentless sell-side onslaught.
- And yet, the $1,800 support level stands firm, a beacon of hope amidst bearish sentiment and price volatility 🙏
The Plot Thickens 📊
Between December 2024 and April 2025, Ethereum’s Taker Buy Volume experienced erratic yet significant surges 🚀.
Witness the $19 billion spike on February 3rd, as ETH hovered around $2,882.93 🤑. Alas, the price didn’t rally, but buyers valiantly attempted to absorb the sell-side pressure 🛡️
Meanwhile, Taker Sell Volume has been tapering down 📉.
Sell volumes plummeted from $601.6 million in December to a mere $4 billion by April 1st 📆, indicating a decline in panic-driven sell-offs 😌
And, if you will, behold Ethereum’s exchange netflows, providing additional insight into shifting market dynamics 🔍.
From December to March, as ETH tumbled 45%, withdrawals from exchanges increased 📈. A notable exception, however, occurred on March 10th, with 120,900 ETH flowing in, likely representing short-term traders liquidating 📉
Accumulation: The Silver Lining 🌫️
Technically, Ethereum remains mired in a downtrend 📉. Price action clings to the underside of its Simple Moving Average (SMA), dynamic resistance since January 2025 📊
Failed rallies to $2,700 in February and $2,000 in March demonstrate persistent overhead pressure 🚫. Yet, there’s a twist 🤔
Ethereum has consistently held the $1,800 support zone, with each rebound indicating sellers may be losing momentum, rather than gaining steam 🔴
The flattening OBV, exchange outflows, and cooling taker sell volume suggest $1,800 might be developing into a critical accumulation zone 🌀. Reclaiming $2,000–$2,200 could signal a trend reversal 🔄. For now, $1,800 remains the central battleground, poised between bearish continuation and bullish buildup 🤺
Read More
- Solo Leveling Season 3: What You NEED to Know!
- AUCTION PREDICTION. AUCTION cryptocurrency
- Owen Cooper Lands Major Role in Wuthering Heights – What’s Next for the Young Star?
- Pokémon Destined Rivals: Release date, pre-order and what to expect
- `Tokyo Revengers Season 4 Release Date Speculation`
- Is Disney Faking Snow White Success with Orchestrated Reviews?
- Pregnant Woman’s Dish Soap Craving Blows Up on TikTok!
- ETH PREDICTION. ETH cryptocurrency
- How to Install & Use All New Mods in Schedule 1
- XRP CAD PREDICTION. XRP cryptocurrency
2025-04-06 08:10