Ethereum ($ETH ) is dumping mainly due to a strong bearish market structure and continuous selling pressure across the crypto market. Technically, $ETH failed to hold key support levels and broke below important moving averages, which confirmed weakness in the trend. Once price moved below the middle Bollinger Band, selling momentum accelerated as stop-losses were triggered and short sellers took control. This breakdown indicates that buyers are currently exhausted and unable to defend critical zones.
From a broader market perspective, weak sentiment and declining liquidity are pushing $ETH lower. When Bitcoin shows instability, large-cap assets like Ethereum usually face aggressive distribution from whales and institutions. Fear-driven selling and liquidations further amplify the downside move. Until ETH finds a strong demand zone with increasing volume and clear bullish confirmation, the dump appears to be trend continuation rather than a temporary pullback.
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