CandleFocus Ethereum Price Poised to Reclaim 15% Losses as Selling Pressure Eases
2025-01-15
Author: Content Editor
Ethereum (ETH) experienced a 15% decline, which has led to reduced activity among investors. This decline is seen as a positive sign for Ethereum's recovery. The concentration of profitable investors has dropped significantly, reducing the likelihood of selling pressure on the price. The decline in selling activity indicates investor resilience and fewer ETH tokens entering circulation. In order for Ethereum to recover, it needs to reclaim the $3,524 support level. If it fails to do so, there is a risk of further decline. However, considering the positive market sentiment and reduced selling pressure, ETH is expected to continue its recovery journey.
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