Data: ETH long-term holders sold 45,000 ETH in a single day, Ethereum is approaching the key $3,000 support level
ChainCatcher news, according to a Cointelegraph report citing Glassnode data, long-term holders (addresses holding for more than 155 days) are currently selling about 45,000 ETH per day, equivalent to approximately $140 million. Analysis indicates this is the highest level since 2021, suggesting that bullish momentum is weakening.
Technical trends show that if the key support level of $3,000 is breached, it could trigger a downward target of around $2,500 or even lower.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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