Ether Leeum Net Taker Volume Signal Big Sales Pressure -Can the bull maintain the main level?
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Ethereum (ETH) is facing less than $ 1,900 in terms of significant sales pressure because market uncertainty continues to focus on price measures. After losing the critical of $ 2,000, ETH plunged to a low price of $ 1,750, marking the lowest point since October 2023. The bull is now under pressure because it has to defend the current demand area to prevent more disadvantages and restore investor trust.
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The market situation remains in a broken state, and Ether Lee is struggling to find powerful purchasing interests. If the bull fails to maintain the current level of support, the ETH has been able to see additional decrease in the weakness of the market that has dominated the market in recent weeks.
According to Cryptoquant’s hot chain data, the pure topic of Ethereum is still low, indicating that the sales pressure is still strong. This is expected by market participants, and more orders are ordered than the order of the Ether Leeum’s price measures.
If the ETH transaction is in a weak position, the next few days are important. Potential recovery may begin if the bull stabilizes the price and pushes more than $ 1,900 back. However, if the sales pressure persists, Ether Leeum will continue the trend and test low support in the next few weeks.
Ether Lee is faced with a lot of sales pressure.
Ether Lee has lost more than 57% of its value and has created a very difficult environment for the bull because the market remains deep. Currently, ETH is being traded below the level of support for many years, which has now been changed to a strong resistance area. As ETH struggles to exceed the $ 1,900- $ 2,000 range, Bulls continues to weaken without restoring momentum.
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As the global trade war is concerned and uncertainty over the US president’s policy has increased, the entire crypto market has failed to reflect weaknesses in the US stock market. Since the November 2024 US election, macroeconomic volatility and uncertainty have been dominant for driving the market. Investors remain careful as the US stock market reaches the lowest level since September 2024 due to a clear resolution.
Quinten Francois, the chief analyst, shares data for X, and the pure quantity of Ethereum is at the lowest historical level and signals to strengthen sales pressure. This indicates that the seller continues to dominate the market and prevents ETH from preparing for meaningful recovery. Until the buyer comes in with a strong demand, ETH may be trapped in a weaker stage with more disadvantages if the major support level fails.
Ether Lee Riium suffers from fatal resistance and has a hard time selling pressure, making it a pivotal to determining whether ETH can stabilize for the next week or whether the market can see additional losses. If the bulls can’t find the lost land, Ether Lee Rium can face deeper correction in the short term.
The bull fights to reclaim $ 2,000 and is trapped in the range.
Ether Lee is currently trading at $ 1,880 and remains from $ 1,750 to $ 1,950 since Monday. This tight trading range was maintained at the integration stage, and bulls and bears are not completely controlled by price behavior.
To start a recovery rally for Ether Lee, BULLS needs to push more than $ 2,000 as soon as possible. This psychological level of relaxation and finish shows a new purchase momentum, so ETH can potentially test higher resistance levels. But Ether Lee is in a weak position because the sales pressure continues to be weighted on the market.
If ETH does not maintain its current level and destroys less than $ 1,750, the decline can continue and there may be more risk of falling. The bear will expand the weak stage and delay the sustainability of recovery.
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As uncertainty still dominates the market, traders are closely seeing whether Etherrium can escape the scope of this, or to expand the decrease in the risk of a wider market. The following several trading sessions are important for the short -term direction of ETH.
DALL-E’s main image, TradingView chart
