Ethereum Price Attempts 3 Rebounds in 10 Days — Charts Explain Why Each Failed
Ethereum's price has attempted three rebounds in 10 days, all failing due to whale selling, long-term holder exits, and resistance around the $2,000 level.Summary
Ethereum's price has experienced three unsuccessful rebound attempts in the last 10 days, despite initial positive momentum. Charts reveal that these failures are linked to increased selling pressure from whales and long-term holders, coinciding with a significant cost basis cluster between $1,995 and $2,015. While the Chaikin Money Flow (CMF) indicates renewed buying interest, it hasn't been strong enough to overcome the selling. The analysis highlights key resistance levels at $2,000 and $2,120, and support at $1,895. A sustained break above the $2,120-$2,140 range could lead to further gains, but failure to do so may result in continued sideways movement. Ultimately, Ethereum's price prediction hinges on whether buyers can absorb the existing selling pressure and surpass these resistance levels.
(Source：BeInCrypto)