Discover the latest insights on Ethereum’s price recovery, selling pressure, and the potential delay of the Golden Cross. Learn why active deposits are surging despite short-term holders looking to cash out amid market strain.
Will Rising Selling Delay Ethereum Golden Cross Even As Price Nears $2,500?
Ethereum’s Recent Recovery and Market Dynamics
Ethereum has bounced back from a monthly low, rekindling profit-seeking hopes among investors. This recovery has energized short-term holders, who are now repositioning their assets on exchanges to capitalize on the current surge. However, such selling activities are sparking concerns over the imminent Golden Cross—a bullish technical indicator that many traders rely on to forecast market momentum.
The Impact of Selling Pressure on the Golden Cross
While the recovery has injected optimism into Ethereum’s price trajectory, it has also led to increased selling pressure. Rising selling activity may slow down or delay the formation of the Golden Cross, as cautious investors begin cashing out their holdings to secure profits. This dynamic creates a delicate balance between bullish momentum and short-term profit-taking, making the market's next move unpredictable.
Active Deposits and Investor Behavior
Adding another layer to the market sentiment, active deposits on Ethereum’s network have surged over the last 24 hours, reaching a five-month high. This unexpected uptick in on-chain activity suggests that despite the selling pressure observed on exchanges, a significant number of investors are still confident in holding Ethereum for the long term. The split between immediate profit realization and long-term staking highlights the complex interplay of investor strategies in today’s digital asset landscape.
DeFi, Web3, and Trading Trends
In the realms of DeFi and Web3, innovative projects continue to drive adoption and integration across various sectors. These developments further support Ethereum’s intrinsic value, as projects capitalize on its smart contract capabilities. Traders and enthusiasts alike are constantly monitoring technical indicators like the Golden Cross, even amidst rising selling volumes, to gauge market sentiment and potential breakout levels.
