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Ethereum Price Forecast: ETH holds above $2,900 despite rising selling activity
Ethereum (ETH) held the $2,900 level despite seeing increased selling pressure over the past week. The Exchange Netflow metric, which tracks the difference between coins flowing into and out of exchanges, showed deposits outweighed withdrawals by about 400K ETH. The high value suggests rising selling activity amid the holiday season. US investors are leading the selling pressure, as evidenced by the Coinbase Premium Index declining to -0.12, a level last seen during peak selling activity in the third week of November. The index measures the difference between ETH's price in Coinbase Pro and Binance. A similar pattern ... (full story)
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