Ethereum’s sell pressure has hit around -418.8 million USD, marking one of the highest selling imbalances ever recorded. With traders selling significantly more ETH than purchased, capitulation signals suggest a local top may be forming.
The price is currently testing historical resistance between 3,600 USD and 4,000 USD, mirroring previous drops. Analysts predict a potential decline of 25% to 35% as Ethereum may retest previous support levels.
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