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Recent ETH Sell-offs and Predictions for Ethereum Prices
Ethereum (ETH) Price Prediction Report
Overview
As of February 24, 2025, Ethereum (ETH) has recently experienced significant selling pressure, with prices fluctuating between $2,700 and $2,800. Users are concerned about its future price trends, and this report will provide short-term and long-term price predictions based on current market data, technical analysis, and fundamental factors.
Current Price and Recent Trends
The current price of Ethereum is approximately $2,750, having fallen about 2.49% in the past 24 hours and rising about 5% over the past week. Recent selling pressure mainly comes from large holders (whales) who sold over $1 billion of ETH in the last two days, causing the price to drop from around $3,000 to the current level, a decline of about 8%. Technical analysis indicates a bearish short-term trend, with market signals showing selling pressure on daily and weekly charts, while the monthly chart leans towards neutral. This suggests that the selling may lead to short-term volatility but has not completely reversed the long-term trend.
Overview
As of February 24, 2025, Ethereum (ETH) has recently experienced significant selling pressure, with prices fluctuating between $2,700 and $2,800. Users are concerned about its future price trends, and this report will provide short-term and long-term price predictions based on current market data, technical analysis, and fundamental factors.
Current Price and Recent Trends
The current price of Ethereum is approximately $2,750, having fallen about 2.49% in the past 24 hours and rising about 5% over the past week. Recent selling pressure mainly comes from large holders (whales) who sold over $1 billion of ETH in the last two days, causing the price to drop from around $3,000 to the current level, a decline of about 8%. Technical analysis indicates a bearish short-term trend, with market signals showing selling pressure on daily and weekly charts, while the monthly chart leans towards neutral. This suggests that the selling may lead to short-term volatility but has not completely reversed the long-term trend.
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