Ethereum News Today: Ethereum Selloff Spikes as Net Taker Volume Plummets $418.8M

On-chain analyst Maartun has issued a warning regarding Ethereum’s recent price movement, citing a massive sell-off that has left the market in a bearish state. According to data reviewed by the analyst, sellers have outpaced buyers by over 115,000 ETH in the past 24 hours [1]. This significant net buyer volume deficit highlights a shift in investor sentiment, as more traders are opting to sell rather than buy at current market prices [1].

Net buyer volume is a key metric that measures the difference between immediate buy and sell orders. A negative reading, such as the one observed, suggests heightened urgency among sellers. Maartun emphasized that market orders—unlike limit orders—tend to reflect panic or a loss of confidence in the asset. This type of behavior is typically seen during periods of high volatility or when traders are looking to exit positions quickly [1].

Further on-chain data supports this bearish narrative. A report from Lookonchain showed that two large Ethereum whale accounts deposited $69 million worth of ETH into exchanges, which is often a sign of impending selling activity [2]. This trend is compounded by the fact that Ethereum’s net taker volume dropped to -$418.8 million in a single day, marking one of the most extreme sell imbalances in the coin’s history [3]. Over 115,400 more ETH was sold than bought using market orders, reinforcing the notion of widespread bearish pressure.

Despite these signs, the market experienced a brief reversal in ETF flows, with $73 million in inflows recorded, indicating a short-lived shift in investor sentiment [3]. However, the broader trend remains bearish. The buy/sell taker ratio for ETH fell to 0.87, one of the lowest levels observed in recent history, according to analyst Darkfost [4]. This metric is widely regarded as a gauge of market balance, and such a low value often signals increased selling pressure.

Ethereum’s failure to create a new high since reaching $3,880 has raised concerns among traders [5]. Analysts are keeping a close eye on whether the asset can hold above the $3,500 level, as breaking below this threshold could trigger further downward momentum [5]. With large holders continuing to move assets toward exchanges and the overall market showing signs of capitulation, many investors are now cautious about near-term price action.

The current on-chain behavior and whale activity suggest that Ethereum may be entering a more bearish phase. Traders are advised to monitor key indicators, including whale movements and taker volume, as these signals often precede larger market shifts. While short-term inflows may provide temporary relief, the broader trend points to a market under pressure.

Sources:

[1] Coindoo: [Analyst Flags Ethereum Warning After Massive Sell-Off](https://coindoo.com/analyst-flags-ethereum-warning-after-massive-sell-off/)

[2] CryptoRank: [ETH Selloff Alert Confuses Crypto Traders After Initial Buy](https://cryptorank.io/news/feed/b8ef6-ethereum-whale-alert-selloff-signal)

[3] CryptoRank: [ETH Sell-Off? Whales Move $69M as Taker Volume Plunges](https://cryptorank.io/news/feed/ca821-eth-sell-off-whales-move-69m-as-taker-volume-plunges)

[4] Pintu: [Ethereum (ETH) Price Plummets to $3500 as Crypto](https://pintu.co.id/en/news/189817-ethereum-eth-price-plummets-to-3500-as-crypto-analysts-reveal-3-key-insights)

[5] Coin: [Ethereum Price Crash Will Depeen? Whale Selloff In, $4K Prediction](https://www.coingabbar.com/en/crypto-currency-news/ethereum-price-crash-whale-selloff-hits-eth-4k-prediction?srsltid=AfmBOopj1xXtF21CuFuV6iqZKC_PC_9WPdDvz3OH71g3MKJQVHxj6JQI)