Ethereum Struggles as Bears Crush Whales’ Buying Spree!
Ethereum’s downtrend is accelerating, with bears overpowering whales, pushing ETH to a yearly low of $2,073 before a weak recovery. Despite a massive 110,000 ETH purchase by whales in the past 72 hours, the market remains under heavy selling pressure, signaling further downside risk.
Whales Buy, But Sellers Dominate!
Ethereum is down 8.99% daily, 23.18% weekly, and 31.34% monthly, highlighting a severe market correction. Whales may be trying to buy the dip, but their efforts are being overshadowed by relentless selling pressure.
💡 Key Signals of a Bearish Market:
❌ Exchange netflows remain positive, meaning more ETH is being deposited than withdrawn—indicating increased selling.
❌ Taker’s buy-sell ratio has stayed below 1 for four days, confirming a sell-heavy market.
❌ MACD shows a bearish crossover, suggesting the downward trend is strengthening.
Could ETH Drop Below $2,000?
Adding to concerns, a death cross formation may be emerging—a historically bearish signal. The last time ETH saw a death cross, it crashed from $2.8K to $2.1K, a 25%+ drop.
🔴 If history repeats, ETH could plummet to $1,714!
🟢 If buyers regain control, ETH could rebound to $2,340.
For now, Ethereum remains in a dangerous position, and unless bullish momentum picks up, a dip below $2,000 looks inevitable.
