$ETH Ethereum Foundation Unstaking Sparks Selling Concerns


On April 26, the Ethereum Foundation unstaked approximately $48.9 million worth of ETH, raising market concerns that this portion of ETH might be sold, intensifying selling pressure [CryptoBriefing].
4. Four Major Technical Indicators Point to Continued Downtrend
Multiple analyses indicate that four key signals are deteriorating simultaneously: increasing ETH reserves on exchanges (inflows rising), high leverage ratios, Coinbase premium turning negative, and continuous net outflows from ETH ETFs.
These factors combined suggest that ETH is unlikely to recover quickly in the short term [BeInCrypto].
ETH-0.04%
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