menu
techminis

A naukri.com initiative

google-web-stories
source image

Bitcoinist

2w

read

327

img
dot

Image Credit: Bitcoinist

Ethereum Price Slips Below $2,500 — Sell Volume Suggests Mounting Bearish Pressure

  • Ethereum price struggles to break out of $2,500 - $2,700 range, falling below $2,400 on June 20.
  • Sell-off pressures mounting as ETH price hovers near $2,410, down almost 5% in 24 hours.
  • Taker Sell Volume on Ethereum sees a significant surge, indicating potential downward pressure.
  • Market participants offloading ETH tokens are dominating buyers on exchanges.
  • Previous spikes in Taker Sell Volume have led to periods of price decline for Ethereum.
  • Current sell pressure indicates investors can expect ETH to struggle in the near future.
  • Ethereum price remains stagnant between $2,500 - $2,800, now below $2,500 support level.
  • Bearish sentiment increases, reducing the likelihood of a sustained rally for ETH.

Read Full Article

like

19 Likes

For uninterrupted reading, download the app