Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? - Overpasses For America

Ethereum Taker Sell Volume Hits $335M In Just 2 Minutes: Panic Or Profit-Taking? - Overpasses For America

Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the threat of a deeper correction is growing as selling pressure intensifies. Related Reading On-chain data shows signs o…

Ethereum Drops 6% After Hitting $3,800, But Analysts See New ATH Ahead

Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark. The pullback comes after a robust July rally, which saw the world’s second-largest cryptocurrency surge more than 50%, its best monthly gain in three years. Despite the recent dip, on-chain data suggests the uptrend may not be over. Glassnode’s latest analysis points to a potential new all-time high (ATH) of $4,900, fueled by bul…

Ethereum (ETH) Breakdown: Traders Eye $3,300 as Short Positions Rise

Key Insights: If Ethereum (ETH) price continues trading below the $3,750 level, it could decline by 4.5% to around $3,530, or potentially drop as much as 10% to the $3,300 level. ETH price appears to be bearish on the shorter time frame, as it has broken below the key support level of $3,750. Data from the SoSoValue reveals 19 consecutive days of inflows for the Ethereum ETF. Despite persistent inflows into the spot Ethereum ETF (Exchange-Trade…