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no one’s talking about this ETH drama as selling pressure mounts and on-chain activity hits a low 📉! large holders adding to the chaos,
lmfao ETH getting wrecked by selling pressure, on-chain activity drops, and institutional money bailing—$ETH holders rn: 💀
Ethereum’s recent pullback below $3,000 is causing concerns due to massive liquidations, declining network activity, and institutional outflows 📉. Despite holding above key support levels, selling pressure indicators remain strong, leading to a cautious market sentiment. Ethereum’s decline triggered a significant selloff, with the price hovering around $2,850-$2,900 📉. On-chain metrics show declining participation, with reduced addresses and transactions, alongside persistent outflows from US ETH ETFs 💸. Large holders selling ETH added pressure, but the price is holding near $2,880, with resistance at $3,050-$3,120 📊.
Mounting Selling Pressure Hits Ethereum as On-Chain Activity Falls to Seven-Month Low
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