BEAR3d ago
ETH Drops 14.5% as Sell Pressure Overwhelms Buyers
Ethereum has declined 14.5% from $2,375 to $2,031 in under two weeks, even as buyers remain active in both spot and futures markets. CryptoQuant data shows the drop is driven by overwhelming sell-side supply absorbing demand, while Blackperp's engine flags crowded longs, elevated funding rates, and a critical liquidation support level at $1,988.75. The structural setup favors further downside unless ETH can reclaim resistance at $2,156–$2,168 with meaningful volume.
ethereumperpetualsfunding-rates