📉 Ethereum struggles under selling pressure

$ETH is trading near $1,976, down over 2% in 24h, and its YTD loss

exceeds 45%. Here’s why the market is feeling the heat:

1️⃣ Broader crypto weakness – BTC can’t hold key levels, dragging

ETH lower.

2️⃣ Technical hurdles – ETH failed to reclaim the 200-week MA (~$2,450) and keeps struggling below $2,000.

3️⃣ Whales & institutions selling – Big names like Peter Thiel and other insiders are booking profits; spot ETH ETFs saw $41.8M in net outflows, led by BlackRock’s ETHA.

4️⃣ On-chain signals – Retail sentiment waning, indicating deeper potential downside; sell exhaustion may trigger small buy-the-dip moves, but momentum is weak.

5️⃣ FOMC & macro factors – Mixed Fed minutes and US-Iran tensions add to risk-off sentiment, keeping traders cautious.

💡 Support/Resistance:

• Support: $1,850–$1,900

• Resistance: $2,000+

Bottom line: ETH is in a bearish zone, but oversold levels may invite

corrective bounces. Patience and structure matter — trade carefully, don’t chase.

ETHUSDT

Löpande

1,904.11

-2.60%