ETH 25% risks decrease after the drop in the cryptography market

Ethereum price today: $ 3,060

• Ethereum investors reserved profits of more than $ 430 million over the weekend.
• Whale and derivative traders remain optimistic despite the increase in sales activity.
• Ethereum could undergo an accident of 25% if it supports a high volume drop below the level of support of $ 3,000.

Ethereum (ETH) is down 8% on Friday following an increase in sales activity on the cryptography market after the Chinese artificial intelligence startup Deepseek has been put online. The higher Altcoin could be about to validate a decision that could send its price crashing by more than 25%. However, the traders of whales and derivatives remain optimistic, slowly buying the dip.

Ethereum sales activity increases, whales remain optimistic

Some Ethereum investors panicked and sold their assets this weekend, sending the best Altcoin below the level of $ 3,200. This is highlighted in the Metric of Profit / Losses made of the network, which shows that investors reserved profits of more than $ 430 million on Saturday. The drop in prices extending to Monday, some investors made more than $ 50 million losses.

The ETH network achieved profit / loss. Source: Santiment

The sales activity has been launched by short -term and long -term holders, as indicated by a peak in the dormant traffic metric in all investor age bands. If this trend continues, the decline of ETH could accelerate.

ETH Dormant Traffic. Source: Santiment

However, Ethereum’s supply distribution reveals that the whales slowly buy the dive, picking up more than 120,000 ETH in the last three days.

Distribution of ETH power supply (10K – 100K). Source: Santiment

A similar trend is visible on the derivative market with the open interest of Ethereum’s term contracts reaching 9.77 million ETH Monday despite the drop in prices. This indicates that investors can bet on a rapid price recovery rather than closing positions due to panic.

ETH interest open. Source: Coringlass

Meanwhile, in a Friday call, most of the managers of layer 2 agreed that they could implement “based” and “native” rollers to improve the decentralization and liveliness of Ethereum.

In addition, the venture capital company Paradigm wrote a Saturday position calling for an acceleration of the pace of Ethereum development rather than slowing down improvements to protect its decentralized status.

“There is a reasonable debate on what the northern star of Ethereum should be. But wherever you think that Ethereum should go, it is surely better to get there faster,” said the position.

Ethereum prices forecast: ETH could see a 25% crash if the level of support of $ 3,000 fails

Ethereum has experienced more than $ 140.22 million in long -term liquidations in the last 24 hours, according to Coinglass data. The total amount of long and short liquidated positions represented $ 121.61 million and $ 18.62 million respectively.

Ethereum is developing a model of head and shoulder (H&S) on the 8 -hour table after decreasing below the level of $ 3,200 – which the bulls defended in the last month. The Upper Altcoin heads for support near the psychological level of $ 3,000.

ETH / USDT 8 hours

If ETH supports a high volume drop below $ 3,000, its price could crash by more than 25% to find support near the historically high application area of ​​$ 2,200. The level is obtained by measuring the height of the H&S model and projecting it down compared to $ 3,000.

On the other hand, the level of $ 2,817, which served as a level of critical support between April and July 2024, could help prevent such a strong drop. However, a violation of this level will accelerate the down pressure.

Uplining, ETH could start an upward trend if it gathers over a descending trend line extending from December 16.

The relative resistance index (RSI) and the stochastic oscillator (Stoch) are lower than their neutral levels, indicating a dominant lower impulse.

A daily candlestick closing above $ 3,550 will invalidate the lower thesis.