đš #Ethereum Update
ETH faced rejection at the $5,000 mark in August as profit-taking slowed momentum. đ
September could still be tricky:
đŽ Cumulative Net Taker Volume on Binance dropped below -$2.4B, showing strong selling pressure.
đ» Open Interest fell from $11B â $9B, signaling reduced trader exposure.
âł Validator unstake queue hit a record 986,408 ETH with a 17-day wait â potential selling pressure ahead.
đ But with bearish sentiment peaking, many analysts see September as a buying opportunity before a potential Q4 rebound. đ