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

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Ethereum (ETH) Faces Heavy Selling Pressure

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Ethereum is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action. After losing the critical $2,000 level, ETH plunged as low as $1,750, marking its lowest point since October 2023. Bulls are now under pressure, as they must defend the current demand zone to prevent further downside and restore investor confidence.

Market conditions remain fragile, with Ethereum struggling to find strong buying interest. If bulls fail to hold current support levels, ETH could see further declines, adding to the bearish sentiment that has dominated the market in recent weeks.

On-chain data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a low level, indicating that selling pressure is still strong. This suggests that market participants are leaning bearish, with more sell orders than buy orders dominating Ethereum’s price action.

With ETH trading in a vulnerable position, the next few days will be crucial. If bulls can stabilize the price and push ETH back above $1,900, a potential recovery could begin. However, if selling pressure persists, Ethereum may continue its downward trend, testing lower support levels in the coming weeks.

Ethereum Faces Heavy Selling Pressure

• Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend.
• Currently, ETH is trading below a multi-year support level, which has now turned into a strong resistance zone. As ETH struggles to break back above the $1,900-$2,000 range, the bearish trend continues, with bulls failing to regain momentum.

The entire crypto market has suffered a breakdown, mirroring weakness in the U.S. stock market, as global trade war fears and growing uncertainty surrounding U.S. President Trump’s policies shake investor confidence. Since the U.S. elections in November 2024, macroeconomic volatility and uncertainty have been the dominant forces in driving markets lower. With no clear resolution in sight, investors remain cautious, as the U.S. stock market has now reached its lowest levels since September 2024.

Top analyst Quinten Francois shared data on X, revealing that Ethereum’s Net Taker Volume is at historic lows, signaling intense selling pressure. This indicates that sellers continue to dominate the market, preventing ETH from staging any meaningful recovery. Until buyers step in with strong demand, ETH may remain stuck in a bearish phase, with further downside risk if key support levels fail.

With Ethereum struggling below critical resistance and selling pressure increasing, the next few weeks will be pivotal in determining whether ETH can stabilize or if the market will see further losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper corrections in the near term.

Conclusion

In conclusion, Ethereum’s price action is heavily influenced by market uncertainty, with selling pressure dominating the market. As the crypto market continues to navigate these uncertain times, investors should closely monitor Ethereum’s price action, as any signs of a potential recovery could be significant.

FAQs

Q: What is the current price of Ethereum?
A: The current price of Ethereum is $1,880.

Q: What is the reason for the current selling pressure in the market?
A: The selling pressure is due to market uncertainty, with investors remaining cautious due to global trade war fears and growing uncertainty surrounding U.S. President Trump’s policies.

Q: What is the current Net Taker Volume of Ethereum?
A: According to CryptoQuant, Ethereum’s Net Taker Volume is at a low level, indicating intense selling pressure.

Q: What is the outlook for Ethereum’s price action in the coming weeks?
A: The next few weeks will be crucial in determining whether ETH can stabilize or if the market will see further losses. If bulls cannot reclaim lost ground, Ethereum could face even deeper corrections.