Ethereum Price Struggles to Reclaim $4,000 Amid Long-Term Holder Pressure
BeInCrypto
Ethereum is failing to break $4,000 due to increased selling pressure from long-term holders and declining exchange outflows.Summary
Ethereum (ETH) is struggling to reclaim the key psychological resistance level of $4,000, trading at $3,846 due to persistent selling pressure from long-term holders (LTHs). On-chain data shows a sharp drop in exchange outflows, indicating reduced accumulation, while inflows are increasing, suggesting potential selling activity. Furthermore, a significant spike in the Age Consumed metric signals that previously dormant LTHs are moving assets, likely for profit-taking or loss mitigation, which is weakening macro momentum. If current support at $3,742 fails, ETH could correct further to $3,489; however, renewed demand could push the price above $4,000 toward $4,221.
(Source：BeInCrypto)