Ethereum (ETH) has been facing significant selling pressure in recent days, raising expectations for a potential market downturn. Let's look at the current market condition and possible scenarios for future developments.
Current Selling Pressure on ETH
ETH is experiencing the highest selling pressure since November 2024. The buyer/seller taker ratio indicates short-term selling pressure, which has negatively impacted market behavior over the past week.
Whale Movements
Whales are actively moving ETH. Despite short-term selling, there is a significant inflow into accumulation addresses, reaching 24 million tokens. However, short-term selling from older investors may negatively affect the price.
Expectations and Future Predictions
Current trading conditions raise questions about whether ETH will remain above $4,200 or drop to the $3,500 level. Long-term forecasts suggest that ETH may attempt to break above $5,000 in the future.
The situation with ETH remains tense, marked by significant selling pressure and ambiguous predictions. Despite short-term difficulties, there are signs of long-term growth supported by rising DeFi projects.
