This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
Ethereum traders are rapidly unwinding positions with taker sell volume surging to $1.2 billion in 24 hours. The selling pressure triggered a 2.4% price drop to $4,272, reflecting shifting market sentiment and seasonal weakness patterns. Despite the pullback, institutional demand from ETFs and whale accumulation suggests underlying strength.
- Taker sell volume reached $1.2 billion in 24 hours coinciding with 2.4% price drop to $4,272
- Historical September weakness patterns suggest potential correction to $3,500 based on 21-week EMA
- Institutional demand remains strong with ETFs absorbing more ETH than issued and whale converting $1B BTC to staked ETH
📎 Related coverage from: cryptopotato.com
Other Tags: Anthony Sassano, Benjamin Cowen, Maartunn, Arkham Intelligence, CryptoPotato, Matrixport