Ethereum News Today: Ethereum Surges 5% in 24 Hours Amid $419M Sell Imbalance and Bullish Technicals

Ethereum experienced a sharp 5% increase in the past 24 hours, reaching $3,819, outperforming Bitcoin and signaling renewed momentum in the altcoin market. Despite a slight decline over the past week, Ethereum remains 49% higher than a month ago, with institutional and corporate buyers continuing to accumulate. A recent surge absorbed over $400 million in sell pressure from the prior day, indicating potential for a breakout above key resistance levels. If Ethereum can surpass these levels, the path to new all-time highs appears more favorable, with the long-term price outlook turning increasingly bullish [1].

However, concerns emerged earlier in the week when analyst J.A. Maartunn highlighted a significant sell imbalance. According to Maartunn, the net taker volume for Ethereum futures turned negative at -$418.8 million, the second-largest daily sell-side imbalance ever recorded. This metric reflects the imbalance between buying and selling pressures, with negative readings suggesting stronger selling activity. Despite this, Ethereum’s price continued to rise, showing that such metrics may not always align with market action [1].

It is also worth noting that Ethereum’s net taker volume has remained largely negative throughout 2025, including during the bullish phase following Donald Trump’s election in November and during recent price gains. This discrepancy has led some to question the stability of the current bull market or to dismiss the metric as misleading [1]. Meanwhile, other technical indicators suggest a strong market. For instance, Ethereum’s RSI climbed back toward 70 after dipping below 30 at the start of the month, and the MACD also showed positive momentum. Additionally, Ethereum’s price has broken out of a descending channel, signaling proximity to a major breakout level that could push prices back above $4,000 and potentially toward $5,000 [1].

Source: [1] Ethereum Price Prediction: $419M in Sell Pressure Hits ETH – Is The Bull Market Over? (https://cryptonews.com/news/ethereum-price-prediction-419m-in-sell-pressure-hits-eth-is-the-bull-market-over/)