- Binance has been dominated by Ethereum selling pressure
- ETH’s price has fallen by 18.61% in the last month.
The recent peak of 3746 USD was reached a few weeks ago. Ethereum [ETHThe ] is under strong downward pressure.
During the period under review, ETH fell to a regional low of $3.157. The altcoin, despite moderate gains has still declined.
Ethereum’s price was $3,196 at the time this article was written, a decline of 2.17% on the daily charts. ETH also fell by 12.67% on weekly charts, and 18.61% monthly charts.
According to CryptoQuant, this decline in ETH chart values is largely due to an increase in selling pressure.
Ethereum is under pressure to sell.
As per CryptoQuant Binance has a strong sell-off of ETH. Ethereum, as a result, has been under significant selling pressure since November 2024 on the Binance exchange.
CryptoQuant
The Taker Buy/Sell ratio for ETH is a good indicator of the growing dominant selling pressure at Binance. The Taker Buy/Sell Ratio has been negative since November 20, 2024. This indicates a greater volume of buy orders than sell orders.
In this time, the Taker Sell/Buy Ratio dropped to levels last seen in August 2023.
While December saw buyers trying to take the reins, the sellers quickly took control, which accelerated the downtrend.
This market is neither bullish nor cautious.
A rising ratio of sales presents an opportunity to buy for those who hold long term.
What is the impact on ETH charts?
Ethereum’s recent price movement has been negatively affected by the strong selling pressure.
Source: Tradingview
As ETH Chaikin Cash Flow (CMF), which was previously positive, has become negative we are seeing a greater selling pressure. CMF is at -0.08 which indicates that buyers are dominating.
A declining Relative Strength Index confirms the market’s behavior. It has now dropped into almost oversold terrain to settle at 38. A dip of this magnitude indicates sellers control the market.
Source:
In the last seven days, Ethereum inflows into exchanges have risen dramatically. The number has risen from -50.77k up to 103.77k. This indicates there is more ETH flowing into exchanges.
Investors tend to increase their selling pressure when there is a greater inflow of money into an exchange.
CryptoQuant
The Estimated leverage ratio (ELR), which measures the amount of Ethereum that can be borrowed, has been steadily increasing over the last month. ELR that rises in a downtrend indicates a negative sentiment. This increases the likelihood of a prolonged squeeze.
Long positions may be liquidated if prices continue to drop, leading to a squeeze of the market and more price drops.
Click Here to Read Ethereum’s [ETH] Price Prediction 2025–2026
Ethereum continues to be under pressure from sellers as the bearish sentiment persists. If market conditions remain the same, ETH might drop to $3,000 and even lower, to $2,810, if current trends continue.
The altcoin can regain $3,300 if the trend reverses.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: ambcrypto.com
