Is Ethereum Price Under Distribution Pressure? Exchange Inflows Raises Flags

Ethereum (ETH) entered the week under heavy pressure, falling nearly 8% today and slipping decisively below the $2300 level amid a broader crypto market selloff

This reversal scenario gains credibility only if ETH price reclaims the $2500 neckline on strong volume. Until then, the pattern remains conditional, with a loss of $2100 invalidating the setup and restoring downside risk. A period of consolidation or a technical relief bounce cannot be ruled out if ETH holds its current demand zone. Until reclaim levels are decisively broken, the broader outlook stays cautious, with volatility likely to remain elevated.

FAQs

Why Ethereum Is Going Down Today?

Ethereum is dropping due to rising exchange inflows, leveraged long liquidations, and weak buying amid broader crypto market pressure.

How much ETH was liquidated recently?

Over $280 million in ETH long positions were liquidated in the last 24 hours, highlighting market stress and weak support.

Could Ethereum stabilize or reverse soon?

A potential inverse head-and-shoulders pattern suggests stabilization, but ETH must reclaim $2500 on strong volume to confirm.

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