Ethereum (ETH) fell about 5% to ~$1,975, breaking the key $2,000 psychological level and the 50-day moving average, after failing to clear resistance near $2,200.
📊 Key data:
💥 Long liquidations: $111 million📉 Negative on-chain demand (Capriole ≈ −23,475 ETH, down to −58,000 ETH earlier)💸 ETF/ETP outflows: ~$391.8M (7 days)🌍 Global ETP outflows: ~$27.2M last week
⚠️ What’s happening:
Selling pressure is driven by leveraged liquidations, institutional outflows, and weak on-chain demand.
🚨 Next levels:
Analysts warn of potential downside toward $1,750–$1,850 if buying interest remains weak.
🔥 Key signals to watch:
ETF/ETP flowsOn-chain demand metricsLiquidation activity$2,000 (50-day MA) as resistance
📌 Note:
Long-term fundamentals like staking and network activity remain intact, but short-term pressure dominates.
#Ethereum #ETH #CryptoMarketAlert #Liquidation #trading $BTC $ETH