Ether Leeum prices have struggled to reflect the slow status of the general market, out of the last week from $ 2,500 to $ 2,700. On Friday, June 20, Altcoin surrendered to a fresh weak wave and fell to $ 2,400, ending a week.
Undoubtedly, this latest stagnation seems to be forcing the hands of investors who run banks at $ 2,500 in the last few weeks. Here's how the ETH price drop and the result can affect the future trajectory of Altcoin.
ETH price at risk of TAKER seller to lower tokens
Chain Analyst MAARTUNN from a recent post about Social Media Platform X Exposed The Ether Leeum trader set can move again. This warm chain observation rotates around the jump of the Taker Sell Volume. This is a metric that estimates the total sales order filled with takers with a permanent exchange of a specific cryptocurrency.
To provide a context, the taker is a market participant who orders an order that consists of an existing order. This definition shows the total volume of Cryptocurrency offered or sold by these market participants within a certain period of time.
In X's post, Maartunn emphasized in his post that sales pressure is being mounted in the Ethereum market as Taker sellers began to dominate buyers for exchange. According to Cryptoquant's data, ETH Taker sold all centralized exchanges in one minute on Friday.
Source: @JA_Maartun on XIn general, significant spikes of TAKER sales have often been pressure on Etherrium prices. If history must pass, investors can expect the second largest cryptocurrency to suffer for the next few days.
Ether Leeum Price Overview
At the time of this article, ETH's price is higher than $ 2,410 and reflects almost 5% reduction over the last 24 hours. According to Coingeko's data, Altcoin has been almost 6% in the last seven days.
The price of Etherrium has been integrated within the $ 2,500 -$ 2,800 range over the last few weeks. The price of the token is now increasing, as the major support and weakness of $ 2,500 is increasing, the probability of starting a continuous rally is thinner.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Istock's main image, TradingView chart
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