𝐄𝐓𝐇 𝐒𝐏𝐎𝐓 𝐒𝐄𝐋𝐋𝐈𝐍𝐆 𝐈𝐒 𝐈𝐍𝐓𝐄𝐍𝐒𝐈𝐅𝐘𝐈𝐍𝐆 ⚠️

The chart is showing something traders should not ignore right now.

🔶 ETH price is hovering near the $2300 zone
🔶 Aggregated Spot CVD is collapsing aggressively
🔶 Spot sellers are dominating market flow
🔶 Buyers are no longer absorbing sell pressure efficiently

That circled CVD breakdown on your chart reflects real spot-market distribution — not just leveraged futures noise.

In simple words:

👉 More actual ETH holders are selling into the market than buyers are willing to absorb.

This usually creates:
▫️ weaker short-term momentum
▫️ failed breakout attempts
▫️ slower recovery structure
▫️ higher probability of liquidity sweeps lower

What makes this important is that ETH recently failed to sustain momentum above the $2400 resistance region.

Now the market is watching:
🔸 $2250 support
🔸 then the major demand zone near $2150-$2200

If those levels break with continued negative Spot CVD, panic selling could accelerate quickly.

At the same time, this does NOT automatically mean a full macro bearish collapse.

There’s still a major split happening in the market:

🔶 Retail appears to be selling aggressively
🔶 Some whales are still accumulating on weakness according to recent on-chain reports

That creates a very tricky environment where:
➡️ short-term sentiment looks weak
➡️ but larger players may still be positioning for higher prices later in the cycle

Historically, ETH performs poorly when:
▫️ Spot CVD trends sharply negative
▫️ Open Interest stays elevated
▫️ Funding remains positive while price weakens

That combination often traps late longs.

Right now, Ethereum is sitting in a decision zone.

If buyers reclaim $2400 with strong spot inflows: ➡️ momentum can flip bullish again quickly.

But if selling pressure continues:
➡️ downside volatility can expand fast toward lower liquidity zones.

For now, the order flow advantage clearly belongs to the sellers. 📉
$ETH ‌#GateSquareMayTradingShare