⚠️ Ethereum under pressure:
Bearish breakdown risk due to weak demand
Ethereum (ETH) remains stuck in a sideways range after rebounding from June lows. A CryptoQuant report warns that derivatives data and weak spot demand could break the current structure to the downside, making it harder to clear the key barrier of $1,900 – $2,000.
📌 Key points:
Lack of momentum: The absence of aggressive buyers in the spot market and low trading volume prevent consolidating a sustained bullish move.
Derivatives market: Bias in the futures market shows caution, with liquidation risk if the price loses the current support at the lower end of the range.
Critical zone: Analysts note that failing to hold current levels would leave ETH vulnerable to revisiting lower support areas.
💡 Quick Lesson:
Why consolidation without volume is dangerous?
When an asset trades sideways for a long time without support from buy-side volume (real demand in spot), the structure becomes fragile. Derivatives traders using leverage often push for a sudden move (breakout or breakdown), and if there isn’t enough buy liquidity to absorb the selling, the price tends to break down.$ETH
#Ethereum #newscrypto #world
Bearish breakdown risk due to weak demand
Ethereum (ETH) remains stuck in a sideways range after rebounding from June lows. A CryptoQuant report warns that derivatives data and weak spot demand could break the current structure to the downside, making it harder to clear the key barrier of $1,900 – $2,000.
📌 Key points:
Lack of momentum: The absence of aggressive buyers in the spot market and low trading volume prevent consolidating a sustained bullish move.
Derivatives market: Bias in the futures market shows caution, with liquidation risk if the price loses the current support at the lower end of the range.
Critical zone: Analysts note that failing to hold current levels would leave ETH vulnerable to revisiting lower support areas.
💡 Quick Lesson:
Why consolidation without volume is dangerous?
When an asset trades sideways for a long time without support from buy-side volume (real demand in spot), the structure becomes fragile. Derivatives traders using leverage often push for a sudden move (breakout or breakdown), and if there isn’t enough buy liquidity to absorb the selling, the price tends to break down.$ETH
#Ethereum #newscrypto #world