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Ethereum top is in? ETH sell-pressure hits $419M, second-highest level ever
Ethereum’s native token, Ether, may establish a local top signal as its selling pressure nears historic extremes. As of Tuesday, ETH’s Net Taker Volume dropped to -$418.8 million, the second-largest daily outflow ever, with 115,400 more ETH sold than bought via market orders, according to CryptoQuant data. Net Taker Volume tracks the difference between buying and selling executed through market orders. These “taker” trades prioritize execution speed over price, typically indicating urgency or fear. When taker sells volume vastly outweighs taker buys, it often suggests capitulation or heavy profit-taking. Such ... (full story)
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