It’s been a rough week for Ethereum, honestly. The price has dropped a little over 2% in the last seven days. That might not sound like a huge deal, but it feels like the market’s mood has shifted. Momentum seems to be fading, and technical charts are hinting that a bigger correction could be on the way. Sellers are definitely in control right now.
Futures Market Shows a Major Imbalance
A market analyst going by Maartunn recently pointed out something pretty telling. There’s been a new wave of aggressive selling in Ethereum futures. All that selling activity has created a massive $570 million imbalance compared to buyers. That’s a lot of pressure.
Looking back, this kind of intense selling has often happened near what traders call ‘local tops’—the peak before a price drops. It makes you wonder. Is this just investors cashing out after a good run? Or are they getting nervous, thinking a reversal is coming and trying to get ahead of it?
The Price Action Reflects the Pressure
You can see the effect in the numbers. In just 24 hours, Ethereum lost more than $200. It slid from a high near $4,484 down to around $4,258. As I’m writing this, it’s hovering at about $4,294. That’s another drop of almost 3% today alone.
And it’s not just the price. Trading volume is down slightly too, by about 0.6%. It sits at $35.91 billion. That dip in volume often means people are pulling back to watch and wait. They’re not sure what happens next, so they’re staying on the sidelines for a bit.
But It’s Not All Bearish News
Even with all that, there are still some positive signs if you know where to look. I saw a report recently about a huge movement of 60,000 ETH. It was sent to a staking address on the Binance Beacon Chain.
Why does that matter? Well, staking usually means someone is planning to hold for a while. They’re locking up their coins to earn rewards, probably because they believe the price will go up later. It’s a vote of confidence. A big one.
So the picture is mixed. There’s clear selling pressure and some fear in the short term. But underneath that, there’s still institutional-level interest that suggests a longer-term belief in Ethereum’s value. It’s a strange tug-of-war, and honestly, it’s hard to say which side wins out from here.
