In recent times, Ethereum has faced a lot of selling pressure, with the last three months marking its most significant selling volume, according to Ki Young Ju, who runs CryptoQuant. The entire cryptocurrency market and Ethereum—by extension—have seen downturns recently, along with some persistently bearish outflows from Ethereum spot ETFs. Nevertheless, it looks like Ethereum is on the cusp of getting itself back on track. The $800 price level, in particular, is one big barrier that a lot of investors will be watching closely as we close in on the end of 2023. Support Levels and Key Market Developments for
The post Ethereum Faces Record Selling Pressure, But Support Levels and Momentum Could Propel it Toward $800 appeared first on The Merkle News.
