Ethereum (ETH) Faces Potential 25%–35% Decline as Resistance Zone Retested Amid Historic Sell Pressure

Key Points

1. ETH's Net Taker Volume hit -$418.8 million, the second-largest daily sell imbalance ever, indicating heavy selling pressure.

2. Traders sold 115,400 more ETH than they bought via market orders, suggesting capitulation or profit-taking.

3. ETH is retesting the $3,600–$4,000 resistance zone, which has historically acted as a significant barrier since 2021.

4. A similar setup in December 2024 saw ETH's Net Taker Volume turn sharply negative, followed by a price decline.

5. Key support levels at the 50-week and 200-week EMAs ($2,736 and $2,333) could mark a 25%–35% drop from current prices.