Ethereum Price Under Pressure: Whales, Derivatives Market Exits Signal Waning Appetite

After dipping below $1,800 earlier in the month, t

Ethereum Price Under Pressure: Whales, Derivatives Market Exits Signal Waning Appetite

Ethereum Price Under Pressure: Whales, Derivatives Market Exits Signal Waning Appetite

After dipping below $1,800 earlier in the month, the price of Ethereum has since reclaimed the $2,000 level, which is considered a psychological support zone for many traders. Over the past week, though, the price showed mild downward pressure, struggling to hold sustainably above the $2,000 level

Source: @joao_wedson on X
Source: CryptoQuant
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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