Ethereum News Today: Ethereum faces $4,000 resistance as $418.8M sell imbalance signals potential price correction

Ethereum (ETH) is showing notable signs of market distress as its Net Taker Volume hit -$418.8 million on July 25, 2025, the second-largest daily sell imbalance in history. According to CryptoQuant data, this figure reflects 115,400 more ETH sold than bought via market orders, signaling intense selling pressure and potentially indicating a market top [1].

The price of ETH is currently retesting a major resistance zone near $4,000, a level that has historically served as a key distribution point since 2021. In December 2024, Ethereum faced a similar setup, where the Net Taker Volume turned sharply negative, and the price hovered near the same resistance area before a 66% decline [2]. The current situation mirrors that historical pattern, with the weekly RSI cooling from overbought levels and the 50-week and 200-week exponential moving averages (EMAs) at $2,736 and $2,333 becoming potential support levels [3].

CryptoQuant analyst Maartunn observed that such extreme sell imbalances are often precursors to market tops, raising concerns about the sustainability of Ethereum’s current rally. With ETH struggling to break through the $4,000 resistance, the confluence of bearish technical indicators increases the probability of a price correction. If the price follows the December 2024 pattern, ETH could fall toward these EMAs by September or October, representing a potential 25%–35% decline from current levels [4].

The broader market context also reflects heightened bearish sentiment, as evidenced by a recent $465 million outflow from BlackRock’s spot Ether ETF. While this article does not offer investment advice, the combination of on-chain data and technical indicators suggests that Ethereum may be entering a phase of consolidation or reversal. Investors are advised to remain cautious and conduct their own research before making decisions [1].

Source:

[1] Cointelegraph – Ethereum price top is in? ETH sell-pressure hits $419M, second-highest level ever

https://cointelegraph.com/news/ethereum-price-top-is-in-eth-sell-pressure-419m-second-highest-level-ever