The cryptocurrency Ethereum (ETH) has shown signs of maintaining bullish momentum from November. However, increasing whale sell pressure, large holder outflows, and a bearish divergence with the RSI indicate potential bearish momentum leading to a retracement.
A recap of the mixed signs for Ethereum (ETH), indicating potential bearish momentum . ETH demonstrated signs of maintaining its bullish momentum from November, but whale activity suggests increasing sell pressure. Large holder outflows peaked at 647,220 ETH and inflows at 582,710 ETH, indicating more sell pressure from whales than demand. Ethereum ETF inflows declined compared to a week ago.
Despite positive spot flows contributing to ETH's recovery to $3,731, a bearish divergence with the RSI suggests a potential retracement to $3050
Ethereum ETH Bearish Momentum Whale Activity Retracement
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