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Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels?

  • Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action.
  • On-chain data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a low level, indicating that selling pressure is still strong.
  • Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend.
  • Ethereum is currently trading at $1,880, remaining range-bound between $1,750 and $1,950 since last Monday.

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