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ETHEREUM FACES HEAVY PROFIT-TAKING PRESSURE
Ethereum ($ETH) has dropped to around $2,250 as Santiment data shows the highest level of profit-taking activity on the network in the past three weeks.
The move suggests that many investors are beginning to lock in gains after the recent recovery rally, creating significant short-term selling pressure on $ETH.
While the broader trend has not fully broken down yet, continuous short-term outflows are weakening bullish momentum and making recovery attempts less sustainable.
The next few sessions could become extremely important for $ETH, as price reaction here may determine whether this is just a technical pullback… or the beginning of a deeper market-wide correction.
#DailyOrbit #OGWhaleDumps1.35BETH $ETH
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