Ethereum News Today: Ethereum Faces Historic Sell-Pressure as ETH Net Taker Volume Hits -$418.8M

Ethereum’s native token, Ether (ETH), is under intense sell-pressure, with its Net Taker Volume reaching -$418.8 million on July 12—the second-largest daily outflow in its history [1]. This figure reflects that 115,400 more ETH were sold than bought through market orders, indicating a sharp bearish shift in market sentiment [1]. The metric, which measures the imbalance between market buy and sell orders, typically signals urgency or fear among traders and is often linked to capitulation or aggressive profit-taking.

The sell-off coincides with ETH retesting a significant resistance zone near $3,600–$4,000, a level that has repeatedly acted as a ceiling for the price since 2021 [1]. This pattern echoes a similar setup in December 2024, when the Net Taker Volume turned sharply negative and ETH traded near the same resistance level. Following that, the price plummeted by 66%, collapsing toward key technical support levels [1]. Given the confluence of bearish indicators—including the plunging Net Taker Volume and the cooling weekly relative strength index (RSI) from overbought territory—analysts suggest that ETH may experience a similar outcome [1].

With the 50-week and 200-week exponential moving averages (EMA) currently at $2,736 and $2,333, respectively, there is an increased probability that Ethereum could retest these levels by September or October [1]. A decline to these support areas would represent a 25%–35% drop from current prices. Traders are closely watching whether Ethereum can hold key technical levels to prevent further deterioration, but the current trajectory shows no signs of reversal [1].

The massive sell-side imbalance is raising questions about the sustainability of Ethereum’s recent rally. While the broader market remains in flux without clear catalysts, the pressure appears to stem from a combination of profit-taking and risk reassessment by investors [1]. The absence of definitive triggers makes it difficult to predict the full extent of the sell-off, but the sheer magnitude of the outflow highlights the fragility of investor confidence and the rapid shifts in market sentiment. As the market continues to evolve, the ability of ETH to stabilize above critical resistance will be pivotal in determining the next phase of its price movement.

Source:

[1] Ethereum Price Top Is In? ETH Sell-Pressure 419M Second-Highest Level Ever

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

[2] Ethereum Top Is In? ETH Sell-Pressure Hits $419M

https://mx.advfn.com/bolsa-de-valores/COIN/ETHUSD/crypto-news/96576213/ethereum-top-is-in-eth-sell-pressure-hits-419m