ETH faces mounting selling pressure and bearish signals, stalling its bullish momentum.
A prominent crypto analyst suggested that ETH could break out of a bullish pattern, potentially triggering a significant price surge.delivered a notable 18.66% gain, but its upward trajectory has since slowed. Weekly performance showed a marginal 0.02% increase, while daily gains remain modest at 0.20%.
This trend is reflected in the Coinbase Premium Index, which measures the price difference between ETH/USD on Coinbase Pro and ETH/USDT on Binance . Positive Netflow indicates increased inflows to exchanges, typically for selling, while negative Netflow suggests investors are moving assets to private wallets for long-term holding.
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