Ethereum is seeing increased user activity, but selling pressure is holding the price back from rising above $2,533. Daily active addresses on the network have increased by 21%, indicating increased activity, but the token price remains under pressure. Traders continue to lock in profits, which is holding back growth #ETH🔥🔥🔥🔥
The Chaikin Money Flow (CMF) indicator at -0.11 indicates an outflow of funds from the market. Despite the positive dynamics of transactions, sellers dominate, which creates an uncertain outlook for the Ethereum price. If the selling pressure continues, the price $ETH may decline to the next support levels. However, an increase in buying interest may return the price to key resistances and above the $2,533 mark.
#Ethereum remains an important part of the blockchain ecosystem, but significant support from buyers is needed to resume growth.
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