Ethereum is currently trading at $ 2442.32, a decrease of more than 4% in the past day. In the last 24 hours, Ethereum has moved between $ 2389.71 and $ 2556.98.
Bearish -pressure grows as sleeping portfolios become active
According to Glassnode, the liveliness of ETH has reached a record high of 0.69, indicating that long -term holders will move their coins and probably sell. This increase shows that sleeping accounts become active in the midst of a weak demand and a slow market, which contributes to the growing bearish pressure on Ethereum.
Data of Defilama Show that the Ethereum chain has experienced a significant decrease in recent weeks. It has fallen from 27.99 million ETH on 6 May to around $ 25 million.
By the way, weak buying interest and the fall of capital inflows contribute to the pressure. If the sale continues, this could fall to $ 2,185 or even until his May layer. However, a bounce of demand can turn the trend around and switch the momentum back to the benefit.
ETF outflows contribute to price risks in the short term
On June 20, ETFs saw ETFs according to a net flow of $ 11.3 million, according to Fresh investors. Etha’s biggest recording came with $ 19.7 million, while ETH and ETHV saw a modest inflow of $ 6.6 million and $ 1.8 million. Other ETFs did not report any activity.
Ether sees huge liquidations
Ethereum has seen $ 170 million liquidations for the past 24 hours, with $ 157 million in long positions. Santiment data show that ETH flows into centralized exchanges in an unusually high percentage, considerably more than out. Unless buying buying, ETH can be confronted with a more short -term disadvantage.
ETH kept holding under $ 2.5k
The advancing averages of Ethereum also show a predominantly bearish photo. Short -term indicators such as the EMAs from 10 days to 30 days and SMAs are all selling signaling, with prices under the most important resistance levels around $ 2,500.
If Ethereum breaks above $ 2,800 – $ 2,850 resistance zone in the next 30 days, it could climb to $ 3,000. This step can be supported by strong basic principles and new inflow of ETFs. But the current trend is weak, so a real outbreak needs a stronger buying momentum to hold. But if the macro conditions worsen, this runs the risk of falling to $ 2,280.